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Thursday, March 4

Ask DOW whether we are bullish

Capture

Hey DOW, you made a bullish candle today. It looks like the DOW wants to run up. We have to watch that 10500 line very carefully, it may break and become a support. Mickey Mouse is pushing Disney stock upwards. What is going to allow the DOW to run up?

Tomorrow we got the all important job outlook. Any drop below 9.7% unemployment will result in this breakout confirmation.

Should unemployment remain at 9.7%, it is not all that bad.

Should unemployment rise to 9.8%. We have to watch how Wall Street react to it. Will it allow Main Street USA at Disneyland to remain lively and joyful?

The Dow Chart seems to want to run up.

Let’s see which DOW stocks have the potential to pop.

Alcoa Inc $AA
Capture  Yup Bullish
American Express $AXP
Capture More Bullish
Boeing $BA going higher and higher.
Bank Of America $BAC not bad… looks like a rebound.
Caterpillar $CAT.. nah.. looks bad.

We can see that most of the DOW stocks have bullish outlook.
Alright then, I wont see the other DOW stocks. But keep an eye on Intel $INTC, $JPM, $GE.

Let’s wait for the job’s figure tomorrow and see what Wall Street wants to do. Those FAT CATS decide the fate of the stock market.

If DOW were to speak, he would say yup he’s bullish.

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