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

  • 32 mins Dow Gains Despite Fed’s Rate Hike
  • 2 hours The Biggest Threat To Chinese Oil Futures
  • 3 hours Spending Bill Could Cause U.S. Debt To Soar To 99% Of GDP
  • 5 hours Precious Metals Slide Ahead Of Fed’s Interest Rate Decision
  • 6 hours China’s Soft Power Grab May Be Bad News For Emerging Economies
  • 22 hours The Secretive Wall Street Firm Betting On Bitcoin
  • 23 hours ‘Data Is King’: The Oil Industry’s Next Most Valuable Resource
  • 24 hours Google Invests $300 Million To Combat Fake News
  • 1 day Zuckerberg Dodges A Bullet As Facebook Loses Billions
  • 1 day Tesla Tumbles As Investors Lose Patience
  • 1 day Are Alt-Coins On The Verge Of A Break Out?
  • 1 day What Should Gold Investors Expect From The New Fed Chair?
  • 1 day Who Will Pay For Trump's $60 Billion China Tariffs?
  • 2 days Vladimir Putin’s Mysterious Fortune
  • 2 days Cryptos Resist Social Media Crackdown
  • 2 days The Death Of Dodd-Frank
  • 2 days Bitcoin Bounces Back Ahead Of G20 Meeting
  • 2 days Trump's Trade War Nears Boiling Point
  • 2 days Will April Be A Turning Point For Precious Metals?
  • 2 days Economic Pressures Weigh On Banks And Borrowers
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

For the Dow Theory Enthusiast, Here is a Daily Transport Chart

For the Dow Theory enthusiast, below is a daily Transport chart as of yesterday's close. Note that it closed higher yesterday and it was above its 7700 resistance level. That was a positive.

The negatives are that it was still in a technical down trend, and it is now exposed to the possibility of making a "head & shoulders" pattern. If such a pattern plays out, the Transports would move higher, not make a new high, and then fail to the downside.

Dow Jones Transportation Index Chart


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter