The enthusiasm over the stock market last week was dampened for most of the week by worries over the potential impact of Hurricane Florence. The weekly chart of the Dow Jones Transports shows that it completed the flag formation, lines a and b, at the start of August. The weekly chart of the Dow Jones Industrials show that it has not yet surpassed the January high at 26.616. The completion of the chart formation (lines c and d) on the Dow Industrials has upside targets in the 29,800-30,200 area. AAPL was one of the most overbought stocks in the Dow Industrials at the end of August.

Source: Forbes September 16, 2018 15:22 UTC