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Can the US market continue to push north? Let have a look at one of the oldest market index and see what the charts tell us. Remember picture worth a thousands words, chart worth a billions and billions of dollars.
There are good correlation between ^DJI and ^DJT, as bullish in ^DJI is also reflected in ^DJT. As when industrialist is doing well, the transportation is needed to support them.
So, it is logical for trader to monitor ^DJI with ^DJT, both indexes should be moving in the same direction.
^DJI Dow Jones Industrial Average
See chart analysis for details.
June 19, 2015 Dow Jones Industrial Average, ^DJI
^DJT Dow Jones Transportation Average
Market Index has gone below 20 MA and resisted, so what is the clue?
June 19, 2015 Dow Jones Transportation ^DJT
^DJI Data Since Year 2000
June 19, 2015 Dow Jones Industrial Average, ^DJI Data Since Year 2000
^DJT Data Since Year 2000
June 19, 2015 Dow Jones Transportation Average ^DJT Data Since Year 2000
AmiBroker a Powerful Charting Software
With AmiBroker powerful charting software you can download data from Yahoo. And the charting tool allow you to zoom in the area of your interest. See chart for details.
Dow Jones Industrial Average, ^DJI lowest point at 2008 Market Crash
Lessons
Dow Jones Industrial Average, ^DJI is a stock market index was first published in February 1885. It was created by Wall Street Journal editor Charles Dow. He is also Dow Jones & Company co-founder. ^DJI based on 30 large public owned companies from United States.
Dow Jones Transportation Average, ^DJT is a stock market index based on transportation sector. It was originally Dow Jones Rail Index.
You can read about other US Stocks analysis and scan in this website.
Thanks for visiting the website.
Moses
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