The Dow Jones Industrial Average (DJIA) essentially met our 20,400 upside target on January 6th, which was first mentioned in our May 23rd 2016 Keys To This Week report (access requires subscription), by trading as high as 20,000 on that day.
Although there is technically still an additional 2% advance to go before reaching our 20,400 target, considering current market conditions we are suggesting that managers/investors consider taking profits on long positions based on our May 2016 buy recommendation in the Dow.
Based on the Dow’s current level of 19,711 and its 17,493 close on May 23rd, our long idea captured a 2,218 point, 13% rise in just about 8 months.
Here is the chart from our May 23rd 2016 report.
Here is the updated version of that chart through January 18th.
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