$DJUSMT Chart: major breakout in progress.......8 day run.......checkout the Volume on Fri.......wow!.......The US Marine Transportation Index has been on fire........amazing run after testing MA(100) support.........just like back in Oct. the 100 Day Simple Moving Average was the Load Zone in Dec..........huge money moved into the Marine Transport Index once resistance broke last Wed........the close above the Nov. 12th closing price was the Signal a breakout was coming......Thursday's close confirmed the Bullish move........and on Fri. $DJUSMT broke out on massive vol.........very cool......been tracking this Index for quite sometime & it doesn't appear to be slowing down..........many Bullish reasons to have some exposure to this sector............$$$
"DJUSMT must break the 319-320 resistance zone in order to prevent a downtrend"........the close above 320 on the 19th was signal a breakout was coming........on the 20th the US Marine Transportation Index soared on Massive Volume.......nearly 80 million in volume..........very sweet breakout........if you are the play it safe type investor the call would have been to go long on Thursday the 19th.........whenever you see a solid resistance line get tested a couple of times then finally breaks w/ a "CLOSE" above that level you'll know it's Showtime!.........great scan.........for some it's not about best price, but best chance of making a successful trade w/ least amount of risk.........remember, DJUSMT is an Index........scan the US Marine Transport Sector.......best of breed runs 1st & the laggards follow.........all this said, DJUSMT has been on a 9 day run.......@ some point it will take a breather.......once again the key level will be 320 ......it was major resistance.........it should now be support..........look to reload @ that level on a pullback..........not ironically or coincidentally MA(7) @ 323.75, MA(10) @ 318.47 & MA(20) @ 317.56 are the next support levels........the daily chart is perfectly set up for a retrace back to the prior resistance level...........sweet run......looking for an extended bullish move for this sector next year..........$$$
News 
Market Data 
Discover 
