The DOW advance/decline ratio was an asthmatic 0.27, with two of usual suspects, Home Depot and United Health together accounting for -119 on the DOW … a broad based sell off of 0.76% … and a big drop out of a steep, 5 day, well defined uptrend channel.
DOW Transports down 0.79% and the Russell 2000 down 0.44% vs S&P and Nas up 0.39% and 1.26% respectively.
At some point, all the indexes have to move roughly in sync, so place your bets whether S&P/Nas get dragged down or DOW, DOWT and R2000 get dragged up … there is a strong case for the latter over the course of 2024 imo.
