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Trading Lessons

Stock Investors Should Keep an Eye on the Dow Transportation Index

Stock-Markets / Stock Markets 2015 May 13, 2015 - 11:03 AM GMT

By: Marty_Chenard

Stock-Markets

When does the market break down?

There are a lot of ol' timers out there who have their programs set for "not going against the DOW Theory". That means, if the Dow Transports and the Dow Industrials fail to the downside, sell programs will kick in.


The Dow Theory says that the Dow Jones Transports and Industrials must be in sync with each other. For that reason, we will look at the Dow Transportation Index today in order to see what it is doing.

The chart is below and when you look at it you can see that it has been in a trading range since last October. Currently, the DJT is still inside its trading range and holding. It has been trying to consolidate but it is has been in the bottom half of the trading range. So, make a effort to keep an eye on the Dow Transportation Index.

Dow Jones Transportation Index

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By Marty Chenard
http://www.stocktiming.com/

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information

Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools.  As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL.  He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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