The Dow Jones Industrial Average is the world’s most important stock market index.
While many think the “pros” use the S&P500 because they may be benchmarked to it, those “pros” are not your problem.
DON’T FIGHT PAPA DOW, is how I learned it.
If you get the Dow 30 right, you’ll get the S&P500 right.
And if you’re going to do a sum of the parts analysis, would you rather try to get the direction of 30 stocks right? Or 500?
With the S&P500 already hitting new 52-week highs, do you think the Dow is next?
They look the same don’t they? [Read more…]