A bullish call http://www.cnbc.com/id/49451687. But maybe it’s a bearish signal? When the DJI goes up and DJ Tpt does the other way or flat, it used to be a signal that DJI is toppish.
Posts Tagged ‘Dow Jones Index’
Keep an eye out on the DJ transportion index. The rises in oil prices have naturally affected the stocks on this sub index. Now if the DJ main index keeps going up while the transport index keeps weakening, this could be bearish for US equity markets. Traditionally such a divergence has led to a fall in the main DJ Index.