Dow Jones Stage 2 Breakout Attempt and the US Stocks Watchlist – 18 July 2023

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The Dow Jones Industrial Average made a new Stage 2 breakout attempt from its large base structure which has been developing for over a year, and had tightened up over the last 8 months, with an inverse head and shoulders pattern within the base structure. It has however, underperformed since late December, and moved below the Mansfield RS zero line in March. So remains a laggard amongst the major US indexes, which are now all in Stage 2 potentially.

There were 30 stocks highlighted from the US stocks watchlist scans today

IOT, MS, CTRA, ENTG + 26 more...

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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.