Dow Transports Trend Lower, Stocks Due for a Pullback

May 22, 2015

The Dow Jones Transportation Average trended lower for the fourth consecutive week during the week ended May 22, signaling that U.S. stock prices, in general, are due for a pull-back. That’s according to technical analysts and financial participants who follow the century-old Dow Theory ... continue reading.

 

Meanwhile, the cumulative advance-decline line for stocks that trade on the New York Stock Exchange moved in a narrow sideways pattern over the past four weeks, and our proprietary Overbought-Oversold Index closed in substantial overbought territory every day this week.

(More News Below).

 

05/08/15: Our research indicates that stocks are in danger of pulling back sharply over the next few weeks.

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