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Friday -- May 19, 2023

Dow Jones Industrial Average

The Dow Jones Industrial Average (DJIA) is composed of 30 of the biggest companies in
the U.S.A. Although, only 30 stocks, the investment community tends to rely on these
30 stocks for an idea of where the market is heading. Below is a list of the DOW 30
with the 52 week daily trading high and the percentage difference from that high

Weekly Close --	05/19/2023	33,426.63	-- Weekly closing difference	126.01 (+0.38%)
52 Week Closing high	12/13/2022	34,712.00	-- A discount from the 52 week high of	-1285.37 (-3.70%)
52 Week Closing Low --	10/13/2022	28,660.94	-- A gain to the weekly close of	4765.69 (+16.63%)
Year End Close --	12/31/2022	33,147.25	-- A difference to the weekly close of	279.38 (+0.84%)

As of the close of last week the total of the Dow Jones Industrial Average of 30 stocks it's
were carrying an "average discount" from the 52 week "trading" high of (-21.86%)
Previous weekly close (-22.10%) Change (+0.24%).

The record "low" discount is - 2.87% on 1/8/2010

The record "high" discount is - 52.76% on 11/20/08
Previous record high discounts

High Discount

Date set

- 38.82%

09/21/01

- 39.39%

10/09/02

- 46.49%

10/10/08

- 47.21%

10/24/08

- 49.96%

11/19/08

Closing under the -.22% discount is a near term bearish sign.

Also, looking at the chart below a closing over the -24% level would be bearish

The current trend started on November 22, 2022 at -20.31%

Dow Jones Industrial Average stocks

The table below shows the current price, the 52 week high and date of high,
the % discount from the high and the date the 52 week high will expire again!

EXPIRED LAST WEEK = Red -- NEW HIGH LAST WEEK = Blue

The Dow 30 stocks to reach a new 52 week high in 2022 are
AAPL - AMGN - AXP - CVX - IBM - KO - MCD - MRK - PG - TRV- UNH
The bottom performer for 2022 was Intel (INTC), -62.93%

The Dow 30 stocks to reach a new 52 week high in 2023 are
CAT - MCD - MRK - TRV
The bottom performer is Intel (INTC), -61.38%