DIA – Dow Industrials ETF (Last:348.78)

DaBoyz goosed shorts Friday to kick off an unmistakable lurch toward a 363.15 target that has been beckoning for several weeks. (A similarly bullish target at 365.67 had teased bulls since May but was negated by mid-June’s fake breakdown.) I see no particular opportunities at the moment and note that even the obvious one, a ‘mechanical’ buy on a pullback to x=340.30, was denied us when DIA’s engineered plunge last Thursday failed to touch the green line where we like to position ‘mechanical’ bids.  We should expect little more generosity on the way up, but since we know where DIA is headed, it should be fairly easy to grab short hops along the way. Stay close to the chat room or activate ‘Notifications’ on your account page to stay apprised.