"Running into resistance."
Six underlying principles.
After some early April jitters.
Highest since 2006.
Dow Theorist Richard Russell, a long-time bear on the markets, recognises that a Dow Theory buy signal has appeared.
[credit provider=”Ryan Holst / Flickr” url=”http://www.flickr.com/photos/holstphoto/3357771335/”] Yesterday, stocks surged with the the Dow Jones transportation stocks — aka the “trannies” — leading the way with a 2.9 per cent gain. . saw their largest one-day increase since last summer,But with stocks within points of all-time highs, lots of people are […]
Dow theorists have been celebrating because the S&P Industrials and Dow Transports indexes have made all-time highs. According to technicians (i.e. people who trade using chart pattern), this is a bullish sign.
[credit provider=”Casey Research via YouTube” url=”http://www.youtube.com/watch?v=MXG8eQkYVpg”] Legendary Dow theorist Richard Russell says investors should approach the latest dow theory buy signal with trepidation.In brief, Dow theory says that when the Dow Jones Industrial Average and the Dow Jones Transportation Average move in tandem, up or down, the rest of the […]
Just a few months ago, there was a lot of concern that “Dow Theory” was signalling an impending stock market sell-off.
The Dow Jones Transportation Average is sitting on an important technical support: the 38.2 per cent Fibonacci retracement level. It has already bounced off this level a couple times, so the index needs to bounce soon or it will run the risk of breaking down.
[credit provider=”screenshot via Vice.com”] There’s a classically defined school of investing called Dow Theory says that the Dow Jones Industrial Average and Dow Transportation Average (nicknamed the Trannies) are the only two lines you need to watch to know which way the rest of the market will move. Simply put, these […]
[credit provider=”Dr. Ed’s Blog” url=”http://blog.yardeni.com/2012/09/dow-theory.html”] It was a summer to remember: Nothing special happened. However, it was one of the few summers in recent years that stock investors wouldn’t prefer to forget. The summers of 2007, 2008, 2010, and 2011 were all worth forgetting. The summer of 2009 was the […]
Richard Russell, the author of the Dow Theory Letters, is sticking to his call for a Dow theory “primary bear market.”