DOW Theory Buy Signal Confirmed! | Jeffrey Huge, CMT | Your Daily Five (11.04.21)

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Jeff stops by to give you the five most important charts that he sees this week. Kicking off with the DJIA chart, he highlights the confirmation of a Dow Theory buy signal. Jeff then covers S&P charts featuring the Elliot Wave Principle, sector relative strength, and consumer discretionary sector leadership.

00:00 - Introduction
00:39 - Dow Jones Industrial Average ($INDU)
02:38 - S&P Large Cap Index ($SPX)
06:19 - Sector Relative Strength: 11 Sectors vs. S&P and Discretionary vs. S&P
08:03 - Sector Leadership: Digging into Consumer Discretionary
09:15 - And the winner is ... Tesla (TSLA)

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if CAR collapses back down, are you going to reverse your call. I wouldn't make this assumption. Most Transport fell the day CAR went up.

oldtremaine