DMT trade ideas
Captain, the fleet is grandios. Well.
Show me the Money, Operation Cwall.
BattleCruiser Operational.
Carrier has arrived.
Carrier has arrived.
BattleCruiser Operational.
Buckle Up.
Dow Transports Ready for a Bounce$DJT is down 22% from its peak and is coming into long term support - 200 week MA and the top of a previous rally at about 9000. Also the RSI has shown support at these levels in past corrections as shown. The speed and severity of the correction while the economy is still in good shape, though cooling off a little, suggests a nice bounce is coming.
DJT - short- Weekly RED doji (the only one from all major indexes)
- Airlines are dropping from the sky in Europe and India and soon in North America (? or am i going too fast ?)
- Truckers are not feeling amazing either
Where rubber meets the road is the true financial struggle and THE REAL CUSTOMER SENTIMENT MATERIALIZED.
Keep an eye on this stocks... airlines, (air)freight, truckers, maritime ... they do not feel great and eventually will drag everybody down in speed.
Further more... if you know an airline which made your day trip unpleasant... uhm... now might be the time to pick on it :-()
Enjoy. Cautiously.
Dow Jones Theory This chart shows the DJT and the DJI. The transportation index has historically led the industrials. I expect the industrials to follow transportations on its way down in the coming months. End of the year rally could support the industrials, however; going into 2019, barring any big news on the trade issues, I see the US markets falling significantly.
Perfect H&SThis is a text book H&S. Very ugly chart. Is DOW JONES TRANSPORTATION AVERAGE INDEX telling us something big is coming this week or next?
H&S to the 50 month EMASorry for the mess but looks like a H&S forming which projects a possible drop to the 50 Month EMA 9100 - 9300
Transports Fall -10% In One Week? ... :oNot a whole lot else to say other than that.
Transports are the brother of Small Caps in my opinion as far as leading the rest of the market.
Just want to point this out because it's a canary in the coal mine and easily missed.
1 Wk % Change:
SPY: -4.55%
NDX: -4.92%
DIA: -4.44%
IWM: -5.52% (Leading)
DJT: -10.14%......?
DJT - Trading the Dead Cat Bounce Pattern (UPDATE).The DJ:DJT chart corresponds to an update of the chart published in the article "Trading the Dead Cat Bounce Pattern."
TheLiveTradeRoom
Trading the Dead Cat Bounce Pattern.The DJT daily chart corresponds to the chart published in the article "Trading the Dead Cat Bounce Pattern."
Playing with dow theory; short DJI* Transports turning back toward primary trend
* Industrials not following yet
* Volume seems weak to me, doesn't confirm anything. Implies weakness of trend?
Based on this I would conclude, despite the volume issue:
* DJI correction due in a matter of a week or two amounting to a total of ~4%, following the transports down
* DJT correction to continue ultimately amounting to a total of ~5%
I don't have any real confidence in dow theory at the moment, just playing with the idea. Looking forward to pushing the play button on this later.
One of DJI's Confirmations Not Looking Good - DJTAs is suggested by the heading even though we're seeing a rebound of DJI's rally one of it's confirming indicators is showing weakness. For the most part we use the Dow Jones Index as loose indicator of the overall economy, when it's performing well, on it's face, we discern that the economy is humming along well. As a confirmation for the thought process we use the Dow Transports Index, among others, and discern from if the rally is real or not. The reasoning being, as an index that follows the biggest transporting companies within the economy, it's reasonable to think if transports are performing well then commerce within the economy must be doing well. So, when DJI is rallying and it's confirmed by the DJT, along with other factors, we can discern that the economy is performing well. I'll move onto the analysis, to explain how the index is tracking.
Weekly
1. Noticed that there's been high volume in the last two years of trading relative to long-term trend, 200-moving average.
2. It's been trading in a channel YTD which is confirmed by relatively accurate tracing stochastic indicator.
Daily
1. Within the YTD channel, there's an interior resistance that's quite robust. That's where we find the index, today-July 25, 2018, and as with the other reactions from that interior resistance it's retracing back to the bottom of the channel.
2. The Stochastic indicator is tracing accurately with the index, which is on tracing downwards confirming the hypothesis.
Conclusion: The Dow Jones Index has been on an upwards trend but one of the confirming indicators is showing that that might be a faux-upswing. In terms of the overall economy, we're starting to see that the market starting to be affect by the tariffs and the trade war.
SPY vs. DJTIt seems that the DJT wants to take us to some lower point and maybe finish its correction.
The QQQ lean higher and so the SPY.
When we look closely to the SPY and the DJT we can see that we lean higher and every weakness in the market is being bought. The key point is where? the answer by looking at the chart is the 40MA (weekly).
So i think that the miss correlation that we see now between the DJT and the SPY will be finish and the for the short term i think the SPY will join the DJT.
The key levels to watch in the SPY are 2781-2764-2749-2725-2700-2681 - those are the square of 9 of Gann's numbers.
To the upside i think 2825-2836 will be a reversal points for the market - for the short term.
Watch your capital.
GREEN IS GREEN!
A Quick Look At Indicators - Dow Jones Transportation Average IWM and DJT are my two favorite Leading market indicators.
Indicator is the RSI. 2 Hour chart makes it a relatively significant development.
If price increases dramatically it will invalidate the divergence. But the longer it exists, the more likely it will take hold. (Kind of like my bad golfing habits)
weird way to see if the market falls further pretty large bearish pennant.. Expect the market to follow the direction the Dow Jones transportation and also the Dow Jones industrial take.
Transportation Average Hello friends. I'm posting this for general reference. In my opinion this important index is right at the Green to Red boundary. Thank you for taking a look.
The Enduring Importance Of The DJIAHello friends. While critics of the Dow Jones Industrial Average believe its composition results in an outdated view of the world, its ties to the economy, whether real or psychological, are still significant. Here's my modest perception of the chart. Thank you for taking a look.
The sell-off in the stock market.Some say that that Dow Jones Transportation Average index can be used to predict the behaviour of the stock market. If it is true: the index seems to approach a support line. Perhaps this may indicate that the sell-off in the stock market is over soon? Well, we will see ...
