Paid Dow Theory Is So Yesterday Jul 23, 2024 2 min read paid The DJIA is down 2.1% from its record high of 41,198 reached last Wednesday (chart). The DJTA was down 1.6% today, remaining below its record high in early 2022. According to Dow Theory, the DJTA needs to break out to a record high to confirm the DJIA's rise to this point and support further advances. The theory is that a sustainable bull market in stocks Ed Yardeni Eric Wallerstein
Paid Dow Theory On Bullish Track Jul 29, 2023 2 min read paid The S&P 500 closed at the bull market's high of 4582.22 on Friday. Chart technicians continue to ring the alarm bells. The index is 11.9% above its 200-dma, which is 4094.1 (chart). Sentiment is too bullish. Breadth is too narrow. Valuations are stretched. The bears are capitulating. Run for the hills! Yet, last week, the Dow Theory flashed a bright green signal. That& Ed Yardeni