INDU DJI Dow Jones Industrials Index Daily Chart; Dow Not Yet in a Correction or Death Cross; 6 Major Indexes (SPX, COMPQ, NDX, RUT, NYA, TRAN) in Correction Territory; 1 Major Index (SOX) in a Bear Market

If a stock or index falls -10% off its top it is in correction territory. If it falls -20% it is in a bear market.

For the 8 major indexes, 6 are in a correction, 1 in a bear market and 1 not yet in a correction. The Dow Jones Industrials are down -9.5% not yet meeting the -10.0% loss off the top for a correction.

The all-time record highs and the crashes off those highs are highlighted for the eight major indexes;
SPX 2940.91 on 9/21/18, now at 2633.08, a drop of -10.5% off the top in a correction
INDU, or DJI, 26951.81 on 10/3/18, now at 24388.95, a -9.5% drop a hair from a correction
COMPQ 8133.30 on 8/30/18, now at 6969.25, a drop of -14.3% off the top in a correction
NDX 7700.56 on 10/1/18, now at 6613.27, a drop of -14.1% in a correction
RUT 1742.09 on 8/31/18, now at 1448.09, a drop of -16.9% in a correction only 3 percentage-points from a bear market
NYA 13626.59 on 1/26/18, now at 11941.93, a drop of -12.4% in a correction
TRAN 11623.58 on 9/14/18, now at 9951.16, a drop of -14.4% in a correction
SOX 1464.61 on 3/13/18, now at 1157.86, a drop of -20.9% in a bear market

Semiconductors are beaten like a rented mule. Chips are in almost every product manufactured today. If the chips are down, stockholders will frown. Housing, autos and chips are big-time drivers of an economy. All three are stalling.

Watch the Dow Jones Industrials as the proverbial canary in the coal mine. If the Dow Industrials refuse to fall into a correction, and the SPX recovers from its correction, the stock market will have a joyous end of year recovery and Santa Claus rally (the last week of the year into the first two days of the new year). If the Dow slips into correction down more than -10%, the broad stock market will take another flush lower. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.