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.

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

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Home Sales Decline during April as Prices Rise

05/21/15: Sales of previously-owned homes fell by 3.3% during April, compared to the prior month, as the median prices of those homes rose for the fourth consecutive month.


Rate Hike Unlikely Until September, as Economic Activity Weakens

05/20/15: The Federal Reserve announced today that it will likely not increase its target rate for the Federal Funds Rate until September, with the Fed saying in its minutes to the Fed’s April 28-29 meeting that recent data on economic activity were weaker than its staff had expected.


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