Dow Jones Transportation Chart Fires Buy Signal On AROON Spike Up

The Dow Jones Transportation Index fired off a buy signal on the AROON indicator today. The chart shows a breakaway gap up candlestick with a shaven top and bottom.

D L Carlson Investment Group increased its stake in shares of the iShares Dow Jones Transportation Average (IYT) by 19.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The Ledger Gazette also reports other large investors buying up Dow Transports in the second quarter when it dipped.

Dow Jones Transportation

Dow Jones Transports AROON spike up.

September is the worst month of the year for the stock market and the last week is often bad. I’m thinking we could be setting up for a headfake move to the upside this week, but then a sharp move down the week of September 25th – 29th:

Dow Jones Transports Index prediction chart.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
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Author: Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.