Courtesy of ChaikinAnalytics.com |
Before the Election, the Dow30 stocks were doing better than the Mid Cap and Small Cap stocks. But as you can see from the above chart the Small Caps and Mid Caps are doing better than the Large Cap stocks.
Also the Advance Decline Line has been making new highs and the DJT & DJIA are on a Dow Theory buy because they both have been making new highs.
History tells us that negative divergences in the stock market indexes and the Advance Decline Line usually occurs a few months before a top is in place. In addition, the Dow30 stocks will tend to perform better than the Small and Mid Cap stocks too at that time.
Keep an eye on your charts and indicators!
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This has been posted for Educational Purposes Only. Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results
This has been posted for Educational Purposes Only. Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results
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