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Dow Jones Industrial Average Index forum

3 hours ago

#US30 Buy 42169.8

SL 42109.8

TP 42189.8
TP 42269.8
TP 42409.8

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SonicTrex

4 hours ago

looks increasingly overextended relative to underlying fundamentals. While it’s lagged tech, that’s not a sign of strength — it's delayed weakness. With the Fed maintaining a higher-for-longer stance, industrials and cyclicals are now facing the full impact of tight credit, weaker demand, and shrinking margins.
Earnings momentum is fading, and key global indicators (PMIs, freight volumes, manufacturing orders) continue to deteriorate. The current price stability feels more like a distribution phase than genuine support.
If risk appetite continues to fade, we could see a broad repricing toward more realistic valuations. It won’t be a flash crash — just a steady unwind as the market slowly accepts that the “soft landing” was priced in too soon.