DOW JONES BY DANIEL BRUNO, CHARTERED MARKET TECHNICIAN

SOME PEOPLE MAY NOT REALIZE THAT THE DOW IS COMPRISED OF JUST 30 STOCKS. IF A DOW STOCK UNDERPERFORMES, IT IS REMOVED FROM THE INDEX SO THE AVERAGE ISNT BROUGHT DOWN.

NOTE THE 1 TO 1 CORRELATION WITH THE S AND P

THIS IS THE SECOND CONSECUTIVE MONTH OF DECLINES, FIRST TIME SINCE 2013

LONG WAY TO FALL BEFORE A 24% RETRACEMENT IS REACHED

STOCKS HAVE BEEN IN A BUBBLE SINCE 2009

INTEREST RATES, A TRADE WAR AND RUMOURS OF A HOT WAR COULD BE THE "FUNDAMENTALS" BEHIND THE DECLINE

CONGRESS JUST PASSED A 1.3 TRILLION DOLLAR BUDGET, MORE THAN HALF IS FOR WEAPONS AND 2 MILLION MEN UNDER ARMS, NONE OF THEM TRANNIES.

TIME TO LOOK AT CYCLICAL INDICES AND STOCKS TO GET OUR BEARINGS. BANKING STOCKS WILL GIVE US A CLUE. A HALT IN REAL ESTATE SALES WOULD BE ANOTHER CLUE.


DANIEL BRUNO, CMT

LOOK ME UP.