Dow Theory Bearish Divergence Noteworthy
November 16, 2022—The Dow Theory has done a remarkably good job guiding us in real time through this bear market, so the developing bearish divergence between the Transports (top panel) and Capital Goods (lower panel) indices has our attention.
The most recent Dow Theory signal came during the October market slide, when the S&P Transports Index (top. . .