What Is Dow Theory Telling Us Now? | Seeking Alpha
This is an excellent article by Chris Ciovacco explaining the Dow theory and how the Dow Jones Industrials, transportation stocks, and the economy are all tied together. He makes a good point that the economy is nowhere near a recession. As long as this is true, the stock market can slowly edge higher since people will always be putting their money to work somewhere. However, there will be intermittent pullbacks for profit taking, bad global news, and other factors. UDOW, a 3X Dow ETF, is a good stock to buy on pullbacks.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment