Tag Archives: Dow Theory

Beware of Trannies That Lag

Summary We construct a relative performance index (TRP) of the Dow Transports and Dow Industrials Index  In all three large and major 2018 sell-offs, the TRP signaled an impending correction 7-18 trading days before markets rolled over The TRP peaked … Continue reading

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Watch This Space – Industrials v Transports

Not as relevant as it used to be,  but something to keep on your radar.  Transports approaching 200-day moving average at 9,117.59 (corrected on Aug. 19) and diverging from Industrials. Dow Theory, baby! The [Dow} theory was created by Charles … Continue reading

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Dow Theory or Buy and Hold?

Reading through the classic textbook, Technical Analysis of Stock Trends, last night I stumbled upon a stunning stat comparing the returns of a strategy using Dow Theory versus buy and hold.  Using Dow Theory buy and sell signals would have … Continue reading

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