The Dow Jones Industrial Average ended Wednesday, Sept. 16 with a close of 16,739.95, down 6.1% year-to-date, and out of correction territory down 8.8% from its all-time intraday high of 18,351.36 set on May 19.

The Dow has been under a “death cross” since August 11 with the 50-day simple moving average of 17,178.85 moving further below its 200-day simple moving average of 17,705.32.

The weekly chart for the Dow 30 is below its five-week modified moving average of 16,998.59, but its 12x3x3 weekly slow stochastic reading is projected to rise to 31.45 this week up from 28.13 on Sept. 11.

There are five components of the Dow that began the week below a price gap between their Black Friday highs on August 24 and their August 21 low.

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Boeing BA -2.26% closed at $137.20 on Wednesday up 5.6% year-to-date in correction territory 13.6% below its all-time intraday high of $158.83 set on Feb. 20. The stock was unduly hurt on Black Monday with a downside gap of 6.1% at the open on Aug. 24 from the close of $131.46 on Friday, Aug. 21. At the flash crash low of $115.14 the stock was down 12.6%. From high to low shares of Boeing was briefly in bear market territory down 27.5%.  The recovery was impressive with the stock up 19.2% since the flash crash low.

 Wednesday shares of Boeing recaptured the price gap to its Aug. 20 low of $136.90, but remains below the death cross of its 50-day and 200-day simple moving averages of $139.77 and $142.24, respectively.

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Coca Cola (KO) closed at $39.15 on Wednesday, down 7.3% year-to-date in correction territory 13% below its all-time intraday high of $45 set on Nov. 28. The stock opened on Black Monday with a downside gap of 3.9% at the open on Aug. 24 from the close of $39.53 on Friday, Aug. 21. At the flash crash low of $36.56 the stock was down 7.5%. From high to low shares of Coca Cola briefly was near bear market territory down 18.8%. The recovery has the stock up 7.1% since the flash crash low.

On Wednesday shares of Coca Cola remains shy of the price gap to its Aug. 21 low of $39.51, and remains below the death cross of its 50-day and 200-day simple moving averages of $40.23 and $41.09, respectively.

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Merck (MRK) closed at $53.87 on Wednesday, down 5.1% year-to-date in correction territory 15.3% below a multiyear intraday high of $63.62 set on Jan. 13. The stock opened on Black Monday with a downside gap of 4.8% at the open on Aug. 24 from the close of $55.77 on Friday, Aug. 21. At the flash crash low of $45.69 the stock was down an unjustified 18.1%. From high to low shares of Merck was briefly in bear market territory down 28.2%. The recovery has the stock up 17.9% since the flash crash low, which proves that the low was not an appropriate trade execution.

On Wednesday shares of Merck remains shy of the price gap to its Aug. 21 low of $55.76, and remains below the death cross of its 50-day and 200-day simple moving averages of $56.53 and $58.38, respectively.

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Pfizer PFE +0.00% closed at $33.18 on Wednesday up 6.5% year-to-date just shy of correction territory 9% below a multiyear intraday high of $36.46 set on July 31. The stock opened on Black Monday with a downside gap of 4.7% at the open on Aug. 24 from the close of $33.54 on Friday, Aug. 21. At the flash crash low of $28.47 the stock was down an unjustified 15.1%. From high to low shares of Pfizer was briefly in bear market territory down 21.9%. The recovery has the stock up 16.5% since the flash crash low, which proves that the low was not an appropriate trade execution.

On Wednesday shares of Pfizer remains shy of the price gap to its Aug. 21 low of $33.54. This gap was briefly tested at the high on Aug 27, which was also a failed test of its 200-day simple moving average. The stock remains below its 50-day and 200-day simple moving averages of $34.15 and $33.72, respectively, which is not a “death cross”.

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Travelers (TRV) had a close of $101.91 on Wednesday down 3.7% year-to-date shy of correction territory 7.8% below a multiyear intraday high of $110.49 set on March 23. The stock opened on Black Monday with a downside gap of 4.7% at the open on Aug. 24 from the close of $102.03 on Friday, Aug. 21. At the flash crash low of $95 the stock was down an unjustified 18.3%. From high to low shares of Travelers was briefly in correction market territory down 13.8%. The recovery has the stock up 16.5% since the flash crash low, which proves that the low was not an appropriate trade execution.

On Wednesday shares of Travelers remains shy of the price gap to its Aug. 21 low of $102.86 and remains below the “death cross” with the 50-day and 200-day simple moving averages of $103.01 and $104.14, respectively.