
The Dow was at least able to find support at the 20-day MA and has room to maneuver to its 200-day MA. With the sector rotation to safety from speculative indices it could go on to make new highs.

The SOX was unfortunate in it broke through the 200-day MA but stalled at the 20-day MA.

I'm not optimistic on this rally lasting but it has been fooling everyone for a good month now and could continue to surprise.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.