Skip to main content Skip to footer

Wall of Worry?

Wall of Worry?

July 20, 2011 by Lesjak Planning

Almost immediately after we wrote last month’s comments about the markets unprecedented seven consecutive week decline, they turned on a dime and charged straight up for two weeks and an 8-10% gain.

After the Dow Jones Transportation Index recently hit new all-time highs, the technical analysts that we follow stated that if the Dow Jones Industrials broke through 12,800, a new all-out buy signal would be generated. On July 7th the Industrials topped out at 12,719 (please refer to the graphs).

Graphs of the Dow Jones Industrial Average and the Down Jones Transportation Average from April 20, 2011 to July 19, 2011

About the author

Lesjak Planning

Read More Market Insights

We use cookies and similar technologies on our Website to ensure you the best browsing experience. Read about how we use cookies and how you can control them in our Privacy Statement. If you continue to use this site, you consent to our use of cookies. Go to Privacy