The beleaguered Dow Jones Transportation Average has dropped to a key support level. One of the hardest hit sectors in the correction over the last…
Tagged Transports
Dow Divergences Part 3: The Double Dose
Today, we wrap up our mini-series on divergences among the Dow Jones indices. In previous installments, we learned that large negative divergences on the part…
Dow Divergences Part 1: Transports
Divergences are one of the most oft-cited arguments in calling tops. They are also perhaps the least accurate. That’s because divergences (whereby one index reaches…
Are Lagging Transports a Sign of Trouble?
The Dow Theory has been covered ad nauseum by others in recent weeks and months. Of course, the Theory is based on the confirmation (or…
ChOTD-7/15/14 Railroads: “The Rodney Dangerfield of Stock Market Sectors”
Today’s ChOTD spotlights a sector that has been one of the best performers of the current cyclical bull market – and also one of the…