Good technical behavior in the Dow Jones that manages to react after approaching the level of 26,000 points, prices where the average of 200 sessions is found. To see a new sign of strength in the US selective we should wait for a close above 29,199 points.
Caterpillar It has slowed down after attacking the all-time highs it drew at the beginning of 2018 at $ 173.10. Its technical aspect is very good, although we should only wait for a close above this price level, which would make us think about an extension of the increases to the level of $ 190. Good accumulation levels give consistency to its main uptrend.
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Procter & Gamble has reacted well after approaching the $ 135 support. The company accumulates a profit of 50% from the March lows but we believe that it still has the strength to continue its upward climb. For a position taking we should wait for a close above $ 145.87. This would leave its price rising free with a clear path so that we can end up seeing an extension of the gains to the level of 170 dollars.
Very attentive to the end of the lateral consolidation of the last weeks in Walmart. After drawing new all-time highs at $ 151.33, the company is shaping a symmetrical triangle. For the next few days we will be very aware of a closing above this price level since it would leave its price in free rise with the path clear so that we can end up seeing an extension of the gains to the level of 180 dollars.
McDonald's it has dropped to around $ 210. The value has taken a breather and it seems very likely that we could end up seeing an extension of the rises to the all-time highs drawn a few sessions ago at $ 231.91. If it manages to exceed these prices, we could end up seeing a continuation of the rises to the $ 250 level.
Nike it is one of the values that we follow very closely. After the declines in recent sessions, we are seeing how the company is covering the bullish gap left at $ 116.87. Its technical aspect is very good and everything seems to indicate that we could end up seeing an extension of the profits up to the annual highs located at $ 131.34. A close above this price level would leave the company free to climb with a clear path so that we can end up seeing an extension of earnings to the $ 150 level.
Very good sign that we could see this past week in Unitedhealth after pulverizing the all-time highs it drew at $ 335.65 at the end of last August. The value accumulates a 90% increase from the lows of March and it seems very likely that we could end up seeing an extension of the gains in the coming weeks. In the short term, we do not rule out taking a break in order to cover part of the bullish gap left at $ 321.
Home Depot It has been shaping a trend continuation figure since mid-August. This consolidation movement is the reaction to the gains of more than 100% of the March lows. The most normal thing is that we end up seeing a close above $ 292.95. This would leave its price rising free with the path set to end up seeing an extension of the gains to the level of 330 dollars.