All the talk on Monday was over the development of the Chinese Yuan falling drastically against the US Dollar. For some, this is a huge deal because they get to tie it to some political headline about Trump, tariffs, trade tensions, etc. But for technicians it’s a big deal because the 7.00 level in the […]
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 […]
What’s Driving the Dow?
This week J.C Parets of All Star Charts wrote a piece about the Dow Industrial Average which he calls his โfavorite of all the stock market indexes.โ He may be be in the minority on this however as many market participants often criticize the price weighted configuration of the index. While other major indices are […]
Ralph Acampora on the Financial Sense Podcast
Ralph Acampora is a legendary market technician. His work and years of experience have earned him the nickname โThe Godfather of Technical Analysis.โ He was recently interviewed by Jim Puplava on the Financial Sense Podcast. They discuss the Dow Theory sell signal that flashed at the end of last year. Jim begins by asking Acampora: […]