Archived IMT (2009.07.22)
FX players who usually keep an eye on stocks must bear in mind the Dow Theory, a key tenet of which states that in order for a buy signal to be validated, the Dow 30 average must be confirmed by the Transportation index. Thus, although the Dow 30 has hit a 6-month high of 8,949, the Transportation index has yet to retest its May high of 3,458. This also coincides with 3,432, which is the 38% retracement from the May 2008 high of 5,536 high to the March low of 2,128.
Election Anxiety, Virus Reality
by Adam Button | Sep 25, 2020 19:15
USD Deleveraging & Tech Applications
by Adam Button | Sep 23, 2020 18:16
The Moment of Truth?
by Adam Button | Sep 21, 2020 23:15
FX Shrugs, Indices Shaken
by Adam Button | Sep 18, 2020 18:53
Fed's 2023 Special, BoE Thinks Negative
by Adam Button | Sep 17, 2020 14:04