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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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Dots

...If the dots don't connect, gather more dots until they do...

Karma

Karma

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Thursday, September 20, 2012

3 Dow Indices

The weakness in the Dow Transports Index from early this year is evident on the Daily chart below. Price has recently broken below and retested the break of its large triangle (based on just the closes). The Utilities Index has recently broken and retested its uptrend line from last December (based on just the closes). The Dow 30 Index is sitting just above triangle resistance/support.

Of particular interest in the immediate term will be the Transports Index to see if it, potentially, corrects and leads the others down.