Don't Ignore This Chart

Careful With The Transports Here (IYT) - Data Adjustment Tip

 | 

The Transports (IYT) made a subtle break in the Post - Election uptrend today. A couple of things show up here. 

  • The SPX Relative Strength is at 4-month lows today. 
  • The price has not made much progress since the December 8th high in the energy stocks. The 171 level looks like pretty good resistance as this chart is unable to stay above it.
  • The trendline break today with a close on the lows does not look good here.


With some softness starting to show up in Commodities, this chart also looks vulnerable. Caution is warranted.


For the educational segment, I want to point out our Data Adjustment page link.

This link shows you any adjustments made to a stock for dividends, stock splits or corporate events.

If something doesn't make sense or you are wondering if dividends have been paid, you can check this list. There are two drop down menus. One to show the number of days of adjustments but the other shows the different types of adjustments. This is handy if you are trying research that information.

It works great!

Good trading,
Greg Schnell, CMT, MFTA.

 

Enjoy this article? Hear more from Greg Schnell at

August 10th & 11th, 2018


See how the experts are protecting themselves from market volatility and reducing risk in uncharted waters

Join us online this August for two full days of investing insights, charting wisdom and market commentary from the industry's leading technicians. Streaming live wherever you are, you'll learn exactly how the experts are navigating the market's changing tides and remaining profitable in all conditions.

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018). Learn More
Subscribe to Don't Ignore This Chart to be notified whenever a new post is added to this blog!
comments powered by Disqus