Dow Industrials Component Issues
Date Of Report: 01/23/2026
Symbol Issue Price
01/23/26
Seasonal Juice
20-Day
Lookahead
Seasonal Juice
40-Day
Lookahead
Seasonal
Avg Net Heat
Seasonal
Cycle R
Choppiness ETD PER Group
GE GENERAL ELECTRIC CO $293.87 55.3924 23.5982 62 -.87 46.61 DOWNTREND Industrial Conglomerates
DIS DISNEY WALT CO $110.98 54.4855 4.4901 -4 -.38 59.01 PULLBACK Movies & Entertainment
IBM INTERNATIONAL BUSINESS MACHS $292.44 45.9066 28.3229 27 -.48 64.83 DOWNTREND IT Consulting
RTX RAYTHEON TECHNOLOGIES $195.93 43.5696 12.1046 54 .06 49.55 UPTREND Aerospace & Defense
JPM JPMORGAN CHASE & CO $297.72 27.1077 5.3516 11 .64 36.92 DOWNTREND Other Diversified Financial Services
AXP AMERICAN EXPRESS CO $361.69 22.1492 3.3407 41 .72 52.83 DOWNTREND Consumer Finance
CSCO CISCO SYS INC $74.59 20.3891 9.2971 23 .58 59.65 DOWNTREND Communications Equipment
BA BOEING CO $252.15 18.6285 -39.2502 40 -.45 37.80 UPTREND Aerospace & Defense
V VISA INC $326.18 18.2611 8.1865 8 .85 38.81 DOWNTREND Data Processing Services
XOM EXXON MOBIL CORP $134.97 17.5527 -36.4200 26 .59 32.47 UPTREND Integrated Oil & Gas
NKE NIKE INC $65.04 17.4886 -11.7192 -1 -.04 60.05 PULLBACK Footwear
TRV TRAVELERS COMPANIES INC $277.72 16.4979 8.6175 11 .86 47.27 RALLY Property & Casualty Insurance
GS GOLDMAN SACHS GROUP INC $918.88 16.0456 -16.7242 6 -.11 61.66 PULLBACK Investment Banking/Brokerage
AAPL APPLE INC $248.04 15.9988 11.3651 -16 .87 35.06 DOWNTREND Computer Hardware
VZ VERIZON COMMUNICATIONS $39.52 12.1143 16.6404 -5 -.70 54.57 DOWNTREND Integrated Telecom Serv
MSFT MICROSOFT CORP $465.95 9.7552 7.2215 -12 .94 39.15 DOWNTREND Systems Software
CAT CATERPILLAR INC DEL $626.62 7.6378 -4.6712 -2 .11 53.98 PULLBACK Construction/Farm Machinery
PG PROCTER & GAMBLE CO $150.15 7.3680 -5.8007 1 .80 32.53 UPTREND Household Products
KO COCA-COLA CO $72.88 6.5951 -8.5873 13 .73 38.59 UPTREND Soft Drinks
HD HOME DEPOT INC $383.77 5.0852 -8.2019 -36 .77 34.83 UPTREND Home Improvement Retail
MCD MCDONALDS CORP $309.25 4.3334 -10.9184 8 .78 58.81 DOWNTREND Restaurants
WMT WALMART $117.73 3.5980 -3.7080 -7 .95 45.57 UPTREND Hypermarkets/Super Centers
CVX CHEVRON CORP NEW $166.72 3.4993 -5.8553 29 .34 51.24 UPTREND Integrated Oil & Gas
JNJ JOHNSON & JOHNSON $220.14 2.8826 6.4166 -6 .74 40.39 PULLBACK Pharmaceuticals
UNH UNITEDHEALTH GROUP INC $356.26 2.1810 1.7323 -17 .34 54.07 UPTREND Managed Health Care
INTC INTEL CORP $45.07 -1.3793 -11.1018 -11 -.44 44.11 PULLBACK Semiconductors
MMM 3M CO $162.68 -9.5701 -6.2256 32 -.19 46.32 DOWNTREND Industrial Conglomerates
PFE PFIZER INC $25.65 -12.3991 -9.7824 -23 -.49 65.23 UPTREND Pharmaceuticals
MRK MERCK & CO INC $108.18 -21.3916 -20.8903 -34 .39 65.33 PULLBACK Pharmaceuticals
(C) 2026 Phil Erlanger Research Co., Inc.
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