The Dow Jones Index continues to move upward on a path within a rising wedge, just as it did between late 2025 and early 2026. In addition to this, Alphabet replaced Verizon in the Dow Jones Index on June 29, 2026. Alphabet joins a group of Dow stocks such as Apple, Amazon, Cisco, Microsoft, and NVIDIA that move very large seven figure trades on a regular basis. The inclusion of Alphabet sounds like November 8, 2024 when NVIDIA replaced Intel and Sherman-Williams replaced Dow, Inc. That change was followed by a decline that started in February 2025. Based on the current chart structure, a change in a Dow component, and large distributions, it appears a decline is being planned for the near future.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
