3/8/2026
DOW Theory holds that Industrials and Transports need to confirm one another. I showed the DOW closing under its uptrend line from the april low, here are Transports.
Maximum mood occurs at the end of a move, up or down. Starting in December, TRAN really took off and now has had a substantial drop. More confirmation will occur as it takes out the lower line.
Amid all this talk about the economy, retail is the economy. Will people shop? HJigher gasoline prices may result in mu.tiple trips in one ouning. but, here is the retail SPDR. I looked thru the two dozen or so charts I haave of retail and most are down. The markets will not go straight down. I occurs to me that when expensive retail stocks like costco, amzn, walmart have rallied, there is the opportunity to sell a naked call. I knew a guy during the bull market in google who did quite well sellig naked puts against the google that never went down, same here but the other way.


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