Home builders and semiconductors both hitting new highs. This doesn’t happen in bear markets. These industries also are usually among the earliest signals of an emerging economic recovery from recession. pic.twitter.com/YaUrRozrVU — Gina Martin Adams (@GinaMartinAdams) June 22, 2023 Today’s Chart of the Day was shared by Gina Martin Adams (@GinaMartinAdams). These three industry groups […]
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 – Tuesday, April 5th, 2022
Both Dow Theory indexes selling off hard after failing to hold last week's highs $DJT $SOX pic.twitter.com/Uq0nnhMxXO — Steven Strazza (@sstrazza) April 5, 2022 Today’s Chart of the Day was shared by Steve Strazza (@sstrazza). It’s a chart of the Dow Transportation Average (black) and the Semiconductor Index (blue) over the past 11 months. Several bellwether […]
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 […]