What is Dow Theory Saying Now? It Is Screaming Buy!

So what is Dow Theory saying now? It is saying that the eight-year Bull market is still going strong. The Dow Jones Transports Average did a breakout on the chart this week.

What is Dow Theory Saying Now

What is Dow Theory saying now

Dow Transports are in a strong uptrend right now and have done a breakout to an all-time high this week. We need to see confirmation of that breakout on the Dow Jones Industrial Average chart as well.

We have it! With the new all-time high in both the DJIA and the Transports, this means, according to Dow Theory, that markets are headed higher and the 8 year Bull market run still has more to go. This is great news for traders and investors.

What is Dow theory saying Now? It’s screaming BUY! Before you dismiss this indicator with your negative bias argument, consider that there’s a reason that its been around for more than 115 years. Remember, it warned of trouble in 1999 just months before the dot-com crash in March 2000. It also gave a buy signal in April 2009, almost exactly at the start of the current eight-year-old bull market.

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.

Leave a Reply

Sofi AI Market Sentiment Gauge

Sofi AI Market Sentiment Gauge

Market is extremely oversold. Good time to take long positions.