Technical Analysis of Stock Market | Like a Stone

Technical Analysis of Stock Market

In this technical analysis of the stock market video I first review my ETF Dashboard that I share with my members weekly. Then we look at a side-by-side comparison of the Dow Jones Industrial Average (INDU) and the Dow Jones Transportation Average (TRAN) to see how in sync they are. We then take a closer look at the TRAN to see how it is progressing. Trucking companies and some rail companies got very hard last week. Is it a sign a slow down is underway? As part of the review of the transports we take a look at the 5 biggest percentage decliners last week led by JB Hunt Transportation (JBHT).
Lastly we finish the video with a review of the Russell 2000 ETF (IWM).

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[giantessmaria]

Thanks for pointing out the move in the transports, thats a very ominous sign of things to come....oddly enough, you are the only one of the chartists of the dozen or so i've watched this weekend, to make light of this. thanks again my friend, always enjoy your work.

[michaelrapp]

You have an amazing website that I joined --- thanks a million

[fillosaccani]

Great as usual. 👍 BTC and ETH next week?

[gdind]

Great video! What do you think is the outlook for Tesla?

[AntonioMDAndre]

Would love to see your outlook on the S&P added to these videos...thx

[michaelturner]

Great video. On your daily videos (for members) do you cover the indices? And/or cover other items such as commodities etc ?

[dfrank]

Interesting, I didn’t know that transportation was breaking down. Great analysis, thanks

[windmill]

2:05 Joe, are you sure about the count in ETFs up and down? Looking at the column with WK% I see 7 negative values and 9 positive values. Which leads me to believe that 9 sectors were up, and 7 sectors were down. It doesn't change the main message though: the number of rising ETFs is declining, and the number of declining ETFs is increasing.

[Ivan-txji]

Transports and small caps may be leading the next wave down. Everyone is watching the seasonality charts and that April is so bullish so loading up on calls. I’m being more cautious

[pearhalls]

Great job. Usually transport leading indicator for stocks to fall in 1-2 weeks👌🤔

[zzburn]

Great as always! Where can I get that etf dashboard?

[MH-xkkv]

Joseph, are those steep losses in the Transport stocks not linked to re-balancing?

[Mrelco]

Hi Joseph! What charting platform are you using?