ARTICLE SYNOPSIS...The Dow transports raced to a new all-time high this month, but the Dow industrials is lagging badly with a bearish pattern in the works.
ARTICLE SYNOPSIS...Dow Theory was last discussed in late May. At the time, the Dow Transports moved to new reaction highs, but the Dow Industrials had yet to confirm. Since then, the Dow broke above its January highs (blue arrow) and moved to a new reaction high at 9323. I
ARTICLE SYNOPSIS...The Philadelphia Bank Index is a broad financial index that usually mirrors the Dow.
ARTICLE SYNOPSIS...Price channels reveal both trends and trading ranges but also powerful trend reversals such as what may be happening in the bond market, right now.