Algokid

Warning from the DJ Transport Index ? (IYT)

AMEX:IYT   ISHARES TRANSPORTATION AVERAGEETF
527 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)

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out