$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 – Wednesday, May 18th, 2022
Transports are taking out a key support level as they are resolving lower from a 12-month distribution pattern. pic.twitter.com/Ha5kTZJVHm — Alfonso Depablos (@AlfCharts) May 18, 2022 Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). It’s a weekly candlestick chart of the Dow Jones Transportation Average over the past five years. Transports suffered their […]
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, June 10th, 2021
Transports $DJT rolling over and diverging from $SPX this week. Historically a negative for overall Market but not much making sense right now. @TDANetwork pic.twitter.com/aJBTLZ7B0s — Tom White (@TomWhite_TDAN) June 10, 2021 Today’s Chart of the Day was shared by Tom White (@TomWhite_TDAN). It’s a daily candlestick chart of the Dow Jones Transportation Index over […]
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). […]