The Dow Jones Industrial Average ended Wednesday, Sept. 16 with a close of 16,739.95, down 6.1% year-to-date, and out of correction territory down 8.8% from its all-time intraday high of 18,351.36 set on May 19.

The Dow has been under a “death cross” since August 11 with the 50-day simple moving average of 17,178.85 moving further below its 200-day simple moving average of 17,705.32.

The weekly chart for the Dow 30 is below its five-week modified moving average of 16,998.59, but its 12x3x3 weekly slow stochastic reading is projected to rise to 31.45 this week up from 28.13 on Sept. 11.

There are five components of the Dow that began the week below a price gap between their Black Friday highs on August 24 and their August 21 low.

Courtesy of MetaStock Xenith

Boeing BABoeing closed at $137.20 on Wednesday up 5.6% year-to-date in correction territory 13.6% below its all-time intraday high of $158.83 set on Feb. 20. The stock was unduly hurt on Black Monday with a downside gap of 6.1% at the open on Aug. 24 from the close of $131.46 on Friday, Aug. 21. At the flash crash low of $115.14 the stock was down 12.6%. From high to low shares of Boeing was briefly in bear market territory down 27.5%.  The recovery was impressive with the stock up 19.2% since the flash crash low.

 Wednesday shares of Boeing recaptured the price gap to its Aug. 20 low of $136.90, but remains below the death cross of its 50-day and 200-day simple moving averages of $139.77 and $142.24, respectively.

Courtesy of MetaStock Xenith

Coca Cola (KO) closed at $39.15 on Wednesday, down 7.3% year-to-date in correction territory 13% below its all-time intraday high of $45 set on Nov. 28. The stock opened on Black Monday with a downside gap of 3.9% at the open on Aug. 24 from the close of $39.53 on Friday, Aug. 21. At the flash crash low of $36.56 the stock was down 7.5%. From high to low shares of Coca Cola briefly was near bear market territory down 18.8%. The recovery has the stock up 7.1% since the flash crash low.

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