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General Examination

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It seems like a very quiet weekend here on Slope – – maybe people are just exhausted from a brutal Q1 – – so I thought I’d just thumb through a few ETFs with you and share some thoughts.

First up is the Dow Jones Composite, which is an amalgamate of the Industrials, Utilities, and Transportation indexes. We’ve got a small topping pattern on this, and last weeks’ strength simply brought it to the underbelly of resistance. What I’d expect at this point is continuation of weakness, with the big test being that green tinted area below.