Richard’s Wisdom -
“Richard’s Thoughts on Dow Theory Bullish Signals”
Last week the Dow Jones Transportation Average hit a new record high. This was a bullish sign and a big deal. Why? As you know, the Dow Transportations has been lagging behind the Dow Industrials and the other stock indexes. This has been a subtle sign of caution.
As you can see on this chart, the Dow Jones Industrials has been rising this year and it hit a new record high on June 19. On the other hand, the Dow Jones Transportations has been sluggish.