Dow Jones Ind. Average/Monthly Moving Average
The Dow Jones Industrial Average managed to close above the psychological important level of 16k and above its 40-Monthly-Average in January 2016. The monthly candlestick (Jan. 2016) looks somewhat ok, but still not perfectly bullish.
So Q1-2016 may still be a bumpy ride, especially, IF the DOW will drop below 16,000 points...(any quotations below 16,000 in the weeks ahead may signal high Risk, potential further losses - otherwise a possible sharp turnaround should also be kept in mind - since BOJ fired "negative interest rates" out of the surprise box on Friday, 29th January 2016).