Stock Markets Analysis and Opinion

Dow Theory Might Be Saying Game Over For Stock Markets

2022.10.10 14:48

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Chris Kimble

Investors are really struggling to make sense of bearish yet wide-ranging economic data and varying analyst opinions.

Call it a sign of the times.

It’s been a very difficult past 12 months for literally everyone. And this has greatly affected stocks this year. And it could get worse.

That’s right; it could get worse. Today’s chart 3-pack highlights 3 Dow indices that are decisively bearish… and attempting to trigger a Dow Theory sell signal.

Dow Theory Components ChartDow Theory Components Chart

As you can see, the , , and peaked at the top of their respective price channels and are now trading below their 40-month moving averages at each point (1).

A breakdown of the Dow Jones Industrials and Transports triggers a Dow Theory sell signal. And with Dow Utilities also struggling, it seems like a critical time for investors to remain vigilant. Stay tuned!

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