Tuesday, September 11, 2018

#Dow Transports Review $IYT

Dow Trans Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to long-term trends, it does not define them. The focus on short-term noise rather than trends, a source of confusion for the majority of investors, leads to the creation of bagholders at major trend transitions.

The Dow Transports' overall trend, revealed by trends of price, leverage, and time, are defined in the The Matrix for subscribers.

Subscriber Comments

Transports, one of the best stocks setups in the Matrix for months, has been in triple upside alignment for 35 days. Daily BuST has climbed above 2, so caution is warranted short-term. Any consolidation would likely be seen as the pause that refreshes triple upside alignment. Let the majority focus on the FANG stocks, the tape says focus on the Transports instead.

Please check out the 10-day S&P 500 to VIX correlation (line 89 of Matrix). I have used this tool as a short-term tool for years and have added it to the Matrix because it's useful timing short-term trend transitions. It's currently sending out a mild warning about stocks.

Follow me on Twitter or facebook for further discussion.

----------------------------------

Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.