Thursday, August 10, 2017

#Dow Industrials Review $^DJI

Dow Ind Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

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

Subscriber Comments

Market
Visit StockCharts.com to see more great charts.

Trends
Price and Volume
The primary trend is aligned up (LTCO > 0 and LTREV > 0).

Price and Leverage
The secondary trend is aligned up (LTCO > 0 and LTLO > 0).

Energy
Q3 DI = 8% defines accumulation within a bearish cycle.

Time
BuT = 74 weeks. Average aligned up impulse is 39 weeks. BuST = 0.8 indicates BuT is beyond the norm but not statistically extended (BuST > 2).

Seasonals
Seasonal weakness is generally displayed until September.

Conclusion
While the primary and secondary trends remain up, they're aging as stocks enter a seasonally weak period. Smart money remains patient but has no reason to sell or short stocks.

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