Friday, July 22, 2016

Still Not Confirming

Arrows of neon and flashing marquees out on Main Street
Chicago, New York, Detroit and it's all on the same street
Your typical city involved in a typical daydream
Hang it up and see what tomorrow brings
--Grateful Dead

Although the Dow Industrials have recently marked all time highs,

the Trannies are not confirming.

The late Richard Russell would surely be chirping about this persistent Dow Theory divergence.

position in SPX

No comments: