So it's a little early for this but anytime the market makes a new ATH, Dow Theory' gets a look. Transports correlation nearing the lower bound (still some room) meaning at some pt the two indices need to get back in 'gear' (note this process can go both ways).$ES_F $IYT pic.twitter.com/NLKj8xYQYY — Arun S. Chopra […]
Chart of the Day – Monday, November 28th, 2022
$DIA broke above its August high, while $DJT did not confirm the move pic.twitter.com/2HfIz4RGGo — Stacey.A.Lee (@BBaxter2020) November 28, 2022 Today’s Chart of the Day was shared by Stacey A. Lee (@BBaxter2020). The Dow Jones Industrial Average (top) has been the only major index to break above its August highs. However, that breakout is failing, considering […]
Chart of the Day – Monday, August 16th, 2021
Dow Theory non-confirmation was triggered when Industrials made new highs and Transports did not. $TRAN now back above 50-day moving average driven by rails, delivery services. Enough to rotate back to Dow Theory buy signal? $INDU $DJIA $DJIT pic.twitter.com/AldMFOh9ru — David Keller, CMT (@DKellerCMT) August 16, 2021 Today’s Chart of the Day was shared by David […]
Chart of the Day – Thursday, September 24th, 2020
Ladies and gentlemen, we have a Dow Theory nonconfirmation. Higher highs in one index not confirmed by higher highs in the other. Now both indexes threatening new swing lows. $INDU $DJIA $TRAN $DJIT pic.twitter.com/srXrQ443zV — David Keller, CMT (@DKellerCMT) September 24, 2020 Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). […]
Should You be Worried About Dow Theory?
Last week, The Dow Jones Industrial Average hit an all-time high and crossed 27,000 for the first time ever. On the other hand, The Dow Jones Transportation Average is still about 9% below its all-time high. Some experts are citing Dow Theory as a reason for concern going forward while others argue that this century-old […]