"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 10 hours Millennials Are Waiting For A $30T Inheritance That Might Not Come
  • 11 hours Is This the Tipping Point for American Credit Card Debt?
  • 12 hours Tech Icon Predicts A Big Future For Ethereum
  • 13 hours Apple Doubles Down On Data Privacy
  • 14 hours Where To Look As The Treasury Bond Bull Run Loses Steam
  • 15 hours The Tech Giants Poised For A Breakout
  • 17 hours The U.S. Dollar Is Set To Continue Its Rally
  • 18 hours Bitcoin Plummets On Price Manipulation Investigation
  • 1 day The Multi-Billion-Dollar Business Of Influence Peddling
  • 1 day Goldman Backed ‘Stablecoin’ Hopes To Curb Crypto Volatility
  • 2 days Consumers Lost $1.6M To Crypto Fraud In Australia
  • 2 days Facebook May Soon Become A Paid Service
  • 2 days How Far Can Gold Prices Fall?
  • 2 days The Battle For Shkreli's $2 Million Wu-Tang Record
  • 2 days The Bitcoin Miner Eyeing A $1 Billion IPO
  • 2 days China’s Social Credit Score Blacklists Travelers For Bad Behavior
  • 2 days Micron Soars On $10-Billion Share Buyback
  • 3 days Nearly Half Of All Americans Are Struggling Financially
  • 3 days Could Crypto Solve The Middle East’s Currency Crisis?
  • 3 days The Biggest Hurdle For The Buffett-Bezos Healthcare Plan
The Five Most Important Market Indicators

The Five Most Important Market Indicators

Stock markets can be overwhelming…

PayPal’s Latest Acquisition Has Competitors On Edge

PayPal’s Latest Acquisition Has Competitors On Edge

PayPal’s latest acquisition allows the…

The Tech Giants Poised For A Breakout

The Tech Giants Poised For A Breakout

Bullish sentiment seems to have…

Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

More Info

Make an Effort to Keep an Eye on the Dow Transportation Index

When does the market break down?

There are a lot of ol' timers out there who have their programs set for "not going against the DOW Theory". That means, if the Dow Transports and the Dow Industrials fail to the downside, sell programs will kick in.

The Dow Theory says that the Dow Jones Transports and Industrials must be in sync with each other. For that reason, we will look at the Dow Transportation Index today in order to see what it is doing.

The chart is below and when you look at it you can see that it has been in a trading range since last October. Currently, the DJT is still inside its trading range and holding. It has been trying to consolidate but it is has been in the bottom half of the trading range. So, make a effort to keep an eye on the Dow Transportation Index.

Dow Jones Transportation Index

 

Back to homepage

Leave a comment

Leave a comment