Very quickly before the market opens... The JNK ETF is heading further down for lower low -> Bearish for equities. The IWM ETF is likely to follow down continuing the candle -> Bearish for equities The DJT ETF broke support -> Bearish for equities The VALUG failed the resistance, with a bearish candle for more downside -> Bearish for equities The TIPS ETF gave...
With the current global situation where there are day by day developments, the Leading Indicator panel offers similar dichotomy... The JNK ETF is heading further down -> Bearish for equities. The IWM ETF is likely to push down in a somewhat limited fashion -> Bearish for equities The DJT ETF appears to be bouncing up -> Bullish for equities The VALUG looking for...
Interesting... in the last couple of weeks, as the Leading Indicators signaled a retracement, it appears that it may be time for a technical bounce... JNK broke down as expected, and exceeded target. Last week's candle had a long tail recovery, and this current week is forming a rebound. MACD still in bear territory. IWM, DJT and VALUG all seemed to have...
SPX - DJT -CORRELATION CONFIRMATION - DEMAND IS NOT THERE! The SPX and DJT are highly correlated, this is to say that the correlation indicates the underlying demand for goods requiring transportation. In a previous chart using the same tickers I showed you that there was no confirmation of an economic 'slowdown', this time we do! NOTE where I have made...
Dow Theory Sell Signal is Active. __________________________________________________________ The Primary Global Index used for Confirmation: The Baltic Dry Index has collapsed from 5829 to 1764. The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The...
Reviewinig the Leading Inidcator Weekly panel... The JNK has a Sell signal, retraced and may break down to a lower low target, as previously expected. Not yet happening, but with a lower high, the bias is closer to the downside. The IWM (Russell 2000 ETF) also has a Sell signal and lower high. Waiting for a lower low confirmation with a break of support. The...
Are transports at tipping point? They are market leading indicator. See Dow Theory
Leading Indicator panel update: JNK - the topping pattern continues to play out for JNK, looking for a lower low, after the last lower high. IWM - The Russell 2000 ETF failed a breakout late last year, and is about to break down of a support given the bearish weekly candle. DJ Trans - a system Sell signal, and likely downside off the Dark Cloud Cover...
🚨We are nearing a Dow-Sell-Signal acc. to the new Dow-Theory🚨 We had a drop of more than 3% S&P and Dow which is causing a secondary reaction. If the S&P stays below $4400 the secondary reaction is confirmed. This is the FIRST step acc. to the Dow-Theory system by Jack Schannep! The economy is still in a major post-pandemic depression and many S&P500 companies...
When we put DJT against SPX it is plain to see the non-confirmation. So, what does that mean? In simple terms, this is an indicator that there is a fundamental weakness within the economy. Both the DJI and SPX are at all time highs, yet it is quite obvious that since the May high on the DJT the demand for goods is just not there (there are only so many 80 inch TVs...
UPS gapped down big on earnings day has been going sideways for a few days. UPS has been a massive bull run until May 2021. As you can see from the chart, 190.75 and 195.60 are the support resistance region. It will be interesting to see which way it breaks out as it has been going sideways within this range. My bias is to the downside, though we should stay...
DJT is on a downtrend since i last posted on it last month. Of not all stocks in DJT are on a downtrend but the major ones are underperforming. DJT touched on the MA100 line back in Jan 2021 and rose to ATH in May 2021. Since then it has declined around 13%. It is a lower high and low on the weekly and this indicates and confirms the downtrend unless this is...
Bullish divergence at bottom of channel. Possible run to start on false #DeltaVariant fears? $TRAN $IYT $JETS $AAL $UAL $DAL $LUV $FDX $EXPE $BA $SPY $ES_F $VIX $DIA $DJI #Stocks #Transports 🛫
The Dow Jones Transportation index usually tops and reverses prior to the Dow or S&P. The Transportation index has also fell below its support line while the Dow is in the apex of a bearish rising wedge pattern. Will the Fed save the markets again or will Wall Street finally meet reality? If the Fed didn't exist this would be the easiest short play.. I still think...
Based on the Elliot Wave theory, there are three things that I think ya'll should check out. We are close to a correction but one of them is a two year bear market and the other is a 2-3 month correction before the next impulse wave to the upside. If you guys don't know anything about Elliot Wave theory, I highly recommend reading up on it. There are rules that...
Dow Jones Transportations Under valued by 5% The index is under valued by 5-10 % , so we expect a strong move up Good investment for Med to long term investors like and share , kindly
No need to say much as previous;y mentioned about the bearish divergence. Looking at the panel again just adds confirmation of how bearish a turn it just had. Some decent downside will follow...
Since Twitter Permanently Suspended DJT's Account the company's stock value is down 18.23% on this news. That is almost half of the USA population that cannot be reached by their president, looks to be a bad financial move for the company moving into 2021.