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The Good (DJ Industrial), The Bad (DJ Transport) and the Ugly (Nasdaq)

 


The Good – The Dow Jones Industrial is forming Higher Highs, not a single sign of weakness since mid May so far.

The Bad – The Dow Jones Trasnport has not made a Higher High (yet) –> Divergence and The Dow Theory still in progress…

and the Ugly – The Nasdaq100 looks terrible, but then again, we have seen this before (March 23, May 17) and two weeks later we’re at new All Time Highs….

I do think, if we add the factor of Time (Cycles) to the story, then hedging your long exposure would not be a luxury…


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