Financial News & The Fear Factor

Once again, the financial news is more interested in making you scared, often in order to make you buy their services or watch their programs than giving you real advice.

https://blogs.wsj.com/moneybeat/2017/08/02/dow-discord-as-djia-flirts-with-22000-transports-send-an-ominous-signal/

https://etfdailynews.com/2017/08/05/transport-divergence-a-concern-for-dow-jones-industrial-average/

http://www.cbsnews.com/news/stocks-are-climbing-ever-higher-be-worried/

So, let's look at the facts again and breathe.

1. The Dow Jones Industrial Average continues to hit all time highs.
2. The Dow Jones Transportation Index hit an all time high, then retreated to an intermediate low.

This in itself is not a concern. However, if the Transportation index fails to make a new all time high on it's next extended rally (remember: we will only know slightly in retrospect as we are looking at the WEEKLY charts, not the daily charts), then and only then will it be time to start getting concerned.

Until then, sleep well! Like, a solid 7 or 8 hours a night. Seriously. It'll be good for you!