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1.Market Observations, 2.share trading, 8.Was Sticky

7 Aug 2017 (AFR) – Dow’s dazzling rise sparks trend warning – Why the Dow is on shaky ground

(7 August 2017, AFR, p21, by Karen Maley)

‘All eyes were on the Dow Jones Industrial Average last week as it breached 22,000 for the first time after notching up records for eight consecutive days. But some analysts warn that headlines trumpeting the Dow’s dazzling rise have blinded investors to some disturbing trends beneath the market’s surface.’ <snipped…>

‘But there is a divergence between the performance of various Dow companies. Stocks such as…’ <snipped…>

‘Another cause for concern is the warning signal from the Dow Jones Transportation Average. According to classic Dow theory…’ <snipped…>

‘And the failure of the tech-heavy Nasdaq to follow the Dow higher is also causing some anxiety.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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