If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying:US30
Time frame:1D
So I have just posted about the NASDAQ and noticed that the DOW chart is slightly different to it (I will post the NASDAQ chart below). On the original chart you can see the NASDAQ breaking out two days ago of its wedge formation however, the DOW does not have that same formation. More often than not you will get a similar correlation with major stock indexes.
Is it possible that people are moving money out of "growth" stocks and moving their money into more of the age old "defence" stocks or the "big boys" of the market i.e. IBM etc. That could possibly explain the over-performance of the DOW in comparison to the NASDAQ. Interesting times are ahead!
Underlying:US30
Time frame:1D
So I have just posted about the NASDAQ and noticed that the DOW chart is slightly different to it (I will post the NASDAQ chart below). On the original chart you can see the NASDAQ breaking out two days ago of its wedge formation however, the DOW does not have that same formation. More often than not you will get a similar correlation with major stock indexes.
Is it possible that people are moving money out of "growth" stocks and moving their money into more of the age old "defence" stocks or the "big boys" of the market i.e. IBM etc. That could possibly explain the over-performance of the DOW in comparison to the NASDAQ. Interesting times are ahead!
