Charts to Ponder: The Dow, Semis, Silver and Curves Galore
It's almost like markets are trying to tell you something 🤔
The Dow Jones Industrial Average (DJIA) has closed red for the ninth consecutive day, falling nearly 1,000 pts. with little mention.
Although, this could be the start of larger pullback, potentially to 43,000, it could be the fact that the DJIA has run up significantly in the anticipation of Navidia (NVDA) joining on Nov. 8th. This then forced all the funds that track the DJIA to buy NVDA in accordance of their mandate.
But, is there a bigger issue at hand?