Dow Transportation stocks are down sharply today,
signaling potential renewed weakness ahead for the US economy
with one of the leading stocks in the group Federal Express (FDX)
busting it's chart wide open to the downside. ( Shown Here)
Weakness in the trucking and airline stocks can be seen across the board today,
with the Dow Transportation Average breaking down, to a new chart pattern low.
One should always pay attention to the signals that the Transportation Average
is giving, as it often is a quantified leader in judging future economic strength or weakness.
The signal that it is giving today
is that the market is clearly sensing
an economic slowdown caused by the China trade war
could easily be in the cards,.. for the US economy later this year.
THE_UNWIND
5/22/19
NEW YORK
signaling potential renewed weakness ahead for the US economy
with one of the leading stocks in the group Federal Express (FDX)
busting it's chart wide open to the downside. ( Shown Here)
Weakness in the trucking and airline stocks can be seen across the board today,
with the Dow Transportation Average breaking down, to a new chart pattern low.
One should always pay attention to the signals that the Transportation Average
is giving, as it often is a quantified leader in judging future economic strength or weakness.
The signal that it is giving today
is that the market is clearly sensing
an economic slowdown caused by the China trade war
could easily be in the cards,.. for the US economy later this year.
THE_UNWIND
5/22/19
NEW YORK