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☆ Ron Insana: A key market indicator is flashing a warning signal about the economy
▼ + stars: | 2024-05-09 | by ( Ron Insana | ) www.cnbc.com time to read: +3 min

The Dow Industrials represent the productive capacity of the economy, as its original focus was on the goods-producing sector. Over recent decades, the 30-stock Dow Industrials has been expanded to include important tech, telecom and services companies. The Dow Transports, whose constituents move goods and passengers across the country and around the globe, represent final demand. .DJI .DJT YTD line The Dow Industrials vs. Dow Transports in 2024 At the moment, the divergence is relatively mild. The Dow Theory might still have the benefit of experience and wisdom.

Persons: Dow Industrials, that's, it's, Ron Insana Organizations: Dow, Dow Jones Industrial, Dow Jones Transportation, Dow Transports, Transports, Utilities, Dow Theory, Federal Reserve, CNBC Locations: U.S

☆ Uber joins the Dow Transports. Here's why it's a curious addition
▼ + stars: | 2024-02-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Uber is going into the Dow Transports on Monday, marking the first change to the index since Dec. 7, 2021, when Old Dominion replaced Kansas City Southern. Under Dow Theory, the Transports should confirm a new high in the Dow Industrials. Uber is a funny add because unlike many of the other index components, it's not really a shipping company. The add likely reflects the Dow Transports index committee's belief that this is a transportation company, even if it just shuttles people instead of packages. This follows a well-known pattern called the S & P inclusion effect.

Persons: Avis, Uber, Stocks, underperform Organizations: Dow Transports, Old Dominion, Kansas City Southern, Dow, Dow Jones Transport, Dow Theory, Transports, it's, Uber, Federal Reserve Bank of New, Union Pacific, CSX, Kirby Locations: Federal Reserve Bank of New York, Matson, Old Dominion

☆ These 3 gambling stocks are primed for strong gains ahead, according to the charts
▼ + stars: | 2024-02-23 | by ( David Keller | ) www.cnbc.com time to read: +4 min

While the major equity averages were rallying off their October 2023 lows, many gambling names did not participate in the rally. DraftKings (DKNG) DKNG certainly has the most established uptrend in the group, having sustained a fairly consistent uptrend through much of 2023. Higher highs and higher lows have marked the next 14 months, forming a classic Dow Theory uptrend. The October 2023 low was noteworthy in that the stock found support right at the August low around $26. Wynn Resorts (WYNN) WYNN has undergone a similar reversal off a December 2023 low, and also has recently broken above the crucial 200-day moving average.

Persons: DraftKings, DKNG, we've, Wynn, WYNN, LVS, David Keller Organizations: Las Vegas Sands, Wynn Resorts, Nasdaq, Dow, Vegas Sands, RSI, WYNN, CMT Locations: Las Vegas, DraftKings, Vegas

☆ Record highs in the stock market are defying a 100-year-old indicator
▼ + stars: | 2024-01-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Record highs in the stock market have yet to be confirmed by a more than 100-year-old indicator. Dow Theory says both indexes need to move in tandem to confirm a bull market in stocks. AdvertisementRecord highs in the stock market have yet to be confirmed by a more than 100-year-old indicator: Dow Theory. The current divergence between the two major stock market averages represents a tactical risk for US equities in 2024, according to a recent note from Bank of America. The continued weakness in the Dow Jones Transportation Average is a red flag because transportation stocks are viewed as a leading indicator for the stock market and economy.

Persons: Dow, —, Stephen Suttmeier, Charles Dow Organizations: Dow Transportation, Dow, Dow Theory, Service, Dow Jones, Dow Jones Transportation, Bank of America, " Bank of America, FedEx, UPS Locations: lockstep

☆ An options hedge on the stock market if the Santa rally fails to continue
▼ + stars: | 2023-12-21 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Then we'll review what I think will happen into year end and a possible market hedge idea. FedEx gave us a sense of how things are looking when they reported earnings Tuesday evening, and it wasn't good. We got all of them out of FedEx earnings, they hit a dinger, in a bad way, which disappointed the Street to say the least. Market downside reversal I was surprised when, after dipping slightly on the open the Dow Jones Industrial Average rallied mildly. Hedge The S & P 500 SPDR Trust (SPY) January $460 puts were $2.98 as of the close Wednesday.

Persons: we'll, Charles Dow, Ken Hoexter, Raj Sumbramaniam, I'm, Goldman Sachs, Apple isn't, Santa Claus, Today's Organizations: FedEx, The, Journal, Bank of America, Dow Jones Industrial, Depot, Caterpillar, Boeing, Honeywell, Nasdaq, Apple, Bollinger, FDX Locations: Tuesday's, Santa

☆ The Dow's transportation index is ringing alarm bells about the broader stock market
▼ + stars: | 2023-10-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

A decline in transportation stocks is sending a worrying signal about the broader stock market. Transportation stocks are viewed as a leading indicator because they point to the movement of goods around the country. AdvertisementAdvertisementA steady decline in transportation stocks is sending a worrying signal about the broader stock market and its chances to stage a year-end rally. If companies are seeing a slowdown in growth and their stock prices fall, it could be a grim warning for the rest of the economy and stock market. AdvertisementAdvertisementAnd if the latter happens, crucial support levels would be broken and investors' highly anticipated year-end rally in the stock market, partly explained by bullish seasonals, would be on thin ice.

Persons: —, Hunt, Dow Jones, bullish seasonals, J.B, Shelley Simpson, Robert Isom, We're, Isom, Joe Hinrichs, Hinrich, Dow, Manuel Blay, TheDowTheory.com, Dow Industrials Organizations: Service, Dow Jones Transportation, United Airlines, American Airlines, CSX Transportation, Dow, Industrial, CNBC, CSX Locations: Israel

☆ CNBC Daily Open: Expectations can matter more than numbers
▼ + stars: | 2023-07-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tesla's record revenueTesla booked record revenue of $24.93 billion, a quarter-on-quarter increase of almost 7% thanks to price cuts. [PRO] The Dow TheoryThe Dow Jones Industrial Average has a lesser-known sibling: the Dow Jones Transportation Average. CNBC Pro's Bob Pisani explains the "Dow Theory" and why it might matter to traders.

Persons: Tesla, Alex Sherman, Goldman glitters Goldman Sachs, Bob Pisani Organizations: CNBC, Tesla, Netflix, IBM, Revenue, Dow Jones, Dow Jones Transportation Locations: U.S

☆ Woods: Dow Theory suggests the bull market can ride even higher
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWoods: Dow Theory suggests the bull market can ride even higherJay Woods, Chief Global Strategist at Freedom Capital Markets, discusses earnings this week, index performance, and where to invest.

Persons: Jay Woods Organizations: Dow Theory, Chief Global, Freedom Capital Markets

☆ Transports and industrials are both breaking to new highs, a sign the rally is broadening out
▼ + stars: | 2023-07-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Dow theory: a primer The rules around the Dow Theory were formulated more than 120 years ago by Charles Dow himself (though he himself never used the term Dow Theory). "Dow Theory was formulated when the Dow Industrials were stuff makers, and the railroads were stuff movers," Tom McClellan, editor of the McClellan Market Report, told me. New Dow Theory also confirms a new high There have been attempts to formulate a "New Dow Theory." Tuesday, the S & P 500 closed at 4,554 (up 19% this year), and the Nasdaq closed at 14,354 (up 37% year-to-date). The S & P 500 is up 9% since May 1.

Persons: Dow, Charles Dow, Tom McClellan, McClellan, David Keller, Keller, hasn't, It's, Jeff Hirsch, Hirsch Organizations: Dow Jones, Dow Jones Transportation, Dow, Dow Theory, Dow Transports, Dow Railroads, FedEx, UPS, Nasdaq Locations: U.S, uptrends

☆ A 100 year-old stock market indicator is flashing bearish signals that point to more pain ahead for investors
▼ + stars: | 2023-03-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

There is a bearish divergence developing between the Dow Jones Transportation Average and the Dow Jones Industrial Average. While the transports index made a higher high in January, the transportation average did not. Dow Theory is a more than 100-year old technical indicator that suggests if transportation companies are doing well, so should the broader economy. Dow theory suggests that the relationship between the two indexes could send a broader signal to investors about the future direction of the stock market. "These bearish divergences into late 2022 and early 2023 show a disconnected equity market, keeping the bearish signal for Dow Theory from early 2022 intact," Suttmeier said.

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