NFTRH+; a look into the Dow Transports

We’ve been noting a Dow Theory non-confirmation in NFTRH over the last few months as the Transports have declined while the Dow has gone on to tick new highs. The ratio (2nd panel below) obviously tanked and represents that divergence. However, nominal TRAN has the technical look of something one might want to buy as it has pulled back within an uptrend and broken its … Continue reading NFTRH+; a look into the Dow Transports

nftrh plus

Tranny to Target, Dow Theorists Foiled Again?

Exactly 1 month ago we NFTRH+’d the Transports iShares, IYT using a daily chart to gauge the buy point and the weekly to project the sell point, per this updated chart.  Boink, it came within 14 pennies. More than crowing about a successful NFTRH+ trade I’d also note that many Dow Theorists have been bearish the US stock market due to a divergence of the … Continue reading Tranny to Target, Dow Theorists Foiled Again?

nftrh plus

NFTRH+; Transports

We have been noting the relatively bullish look of the Transports (and the Airlines) in weekly reports and yesterday Tranny broke upward, only to be reversed today.  I saw the breakout news broadcast at multiple outlets and it is fitting for that to get punished today.  But given the bullish looking pattern it has formed over the last few months, I thought I’d spotlight it … Continue reading NFTRH+; Transports