Dow Theory Bull Confirmed! What Happens Next?

07.16.24: Final Bar host David Keller, CMT comments on the Newer Dow Theory signal, improving market breadth conditions, impact of lower interest rates, and key levels to watch for GLD, UNH, CAT, and BAC. He also breaks down today's rally driven by small caps and value stocks as the technology sector registered a rare down day.

👀 See what better financial charting can do for you!
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP

00:00 - Welcome to the Show!
00:52 - Market Recap
05:40 - S&P 500 Index ($SPX), S&P 500 Equal Weight ETF (RSP), NYSE McClellan Oscillator (NYMO)
09:55 - Russell 2000 ETF (IWM), 10-Year US Treasure Yield (TNX)
14:21 - Gold Shares (GLD)
16:33 - Dow Jones Market Movers
17:00 - Unitedhealth Group (UNH), Caterpillar (CAT), Bank of America (BAC)

👍🏻 FOLLOW US

#stockcharts #davidkeller #thefinalbar
@StockChartsTV @CNBC @markets

❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

–––––
ℹ️ ABOUT STOCKCHARTS

ℹ️ ABOUT STOCKCHARTS TV
StockCharts TV is devoted exclusively to financial charting and market analysis from the web's top technical experts. With a constant stream of technical charting-focused content, there's always something insightful, educational and entertaining to watch on the channel.

[StockChartsTV]

👀 See what better financial charting can do for you!
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP

[orgorg]

Tom Bowley says that July17th thru July 24th is often one of the worst weeks of the year.

[JoesInvestmentExpress]

audio is good. like the minimalist background--maybe you need some bamboo to make it a little more zen...

[fastbusiness]

Always enjoy listening to your market analysis. 👍

[Christopher.Capital]

Cardwell 😉. I knew who you were talking bout. But yeah, Brown's interpretation of the RSI changed my game, was so pivotal to my analysis and trading success 😎👍. Have learned so much bout TA last few years, thinking I need to pursue CMT soon.

[joanalberola]

Any chance we could get a bullish percent index for the russell 2000 Dave?

[tanleproe]

Exciting day !! The election uncertainty is reduced after the running mate is revealed. Maybe the market is reacting, IMO.

I like your webcam placed at the top of the screen. Just a suggestion: flip the video frame so your eyes will follow your mouse cursor if you know what I mean. Thanks for the video !!

[savalaimanohar]

Safe travels to Bean town Dave. BTW what did you jot down in that note pad of yours after you said sayonara! I enjoy your post show antics!

[titusrider]

Aren't you really concerned that the IWM has a tremendous breakout but the QQQ isn't participating ? Yep, concerned ! 😅

[harmankang]

Hey Dave, looking at the monthly chart of the S&P500 long term. Can you please comment on the MASSIVE triple top negative divergence on the RSI going back to 2018. Last time that happened was 2000 crash.

[KQQLCHEV]

Stocks are being helped by the falling dollar 😎

[gsk]

tesla has been augmented by street and musk is dinating 55 million per month. other recommendatons are treendous

[Chocolate_Croissant]

Final bar is a great contrarian indicator.

Sell is coming