Algokid

Warning from the DJ Transport Index ? (IYT)

AMEX:IYT   ISHARES TRANSPORTATION AVERAGE ETF
526 0 1
The DJ transportation index and the DJ Industrial index are suppose to move in the same direction ( same direction does not equal same rate of return), as per the Dow theory. However , for the past 10 days or so, we've seen the DJ Transports, represented by IYT             , break it's trend line and diverge from the DOW ( Orange line) .

So, is the transport index trying to warn us about a upcoming correction in the market ?

SOURCE : SEEKING ALPHA ( http://seekingalpha.com/article/391901-transportation-etf-fires-a-dow-theory-warning-shot)

www.passivestor.com
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out