This is bad! Stocks are falling even when DXY dollar index & TNX 10-yr yield are retracing.
The Dow Jones Transportation, a leading indicator for the stock mkt & the economy, just
zipped through the 14k key support, down 7.41%. All stock indices had a capitulation-like move Wednesday 18May, the worst since the pandemic days. Even defensive staples, household...
If Dow Jones Industrial Average goes up while the (Dow Jones Transportation Average goes down, it could be a leading indicator that the DJI is making a top.
Although transportation looks bullish now with 2 green weekly close after a big plunger, I still think this is just the b counter wave & there is one more c wave down to my green zone. There are still overhead resistances at various VWAPs.
Transports, like IWM small caps, is a very impt leading indicator of our economy. With oil cost rebounding & labor difficulty...
Some setups might be playing out here as we move further into 2022.
I'll be paying close attention to this market-leading indicator.
No trades currently, watch this space.
I have done a 3 prong analysis on the Dow Transports VS the Dow Jones which are indicating a continued move down for the markets in the near future of 1-2 weeks. It could even be a crash.
Something interesting happened with the Dow Jones Transportation Average recently. Or, more precisely, didn’t happen. The S&P 500, Nasdaq-100 and Dow Jones Industrial Average all breached their October lows amid this year’s pullbacks. But Transports haven’t even come close to those levels.
Notice how DJT bottomed last week over 14,000. That was 1 percent above...
DJT transports & IWM smallcaps are my favorite market leading indicators. They are the first to change market direction. Again on 24Feb, it was DJT that first made a long tail hammer…& it remained the longest.
This is most probably the bottom after DJT made a diamond at impt FIB retracement level & made last capitulation down for a bear trap.
Last 17 Sept 2018 DJT...
The reversal observed previously appears to be washed out...
JNK broke down previously as expected, and exceeded target. No rebound as previously expected, but instead a further push downwards followed. MACD in bear territory.
IWM , DJT and VALUG all swent further down after breaking the support that bounced off earlier. MACD crossed and deep in bear territory....
Dow Theory Sell Signal is Active.
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The Primary Global Index used for Confirmation:
The Baltic Dry Index has collapsed from 5829 to 1764.
The Baltic Dry Index is reported daily by the Baltic Exchange
in London. The index provides a benchmark for the price of
moving the major raw materials by sea. The...
Last Friday the DJT bounced off October's gap up AVWAP and is looking to bounce off of these levels. It currently finds itself below the 20 day MA but above the VWAP mentioned before. If price is offered below last week's lows, then it's probable that it will test the 50 day MA, which could prove to be a resting area. Below the 50 MA has proved to be an area of...
Leading Indicator panel update:
JNK - the topping pattern continues to play out for JNK, looking for a lower low, after the last lower high.
IWM - The Russell 2000 ETF failed a breakout late last year, and is about to break down of a support given the bearish weekly candle.
DJ Trans - a system Sell signal, and likely downside off the Dark Cloud Cover...
Zig Zag almost complete. The abc zig zag consists of 12345 that makes up A (Impulsive) and Abc that makes up B (Correction) and 12345 that makes up C (Impulsive).
Transportation index is a leading indicator of the general economy. it too ha also broke swing bottom. Just take a look at all the transportation stocks, majority of them are on a downtrend.
Bad time to come
Bear Market? I'm just publishing this idea in case the market does drop and I can say I saw something. Maybe something will happen in the next 14-21 days (until 10/4 I think I marked on the chart)
These are just thoughts, nothing to take seriously...
Evergrande Not paying interest payments
- Potentially cause a ripple effect due to the large amount of US...
With Containers hitting $35K for Transportation, an all time high...
Index of Global Real Economic Activity plunging...
All is well, move along.
Building a Container home?
Better buy a sailboat, it moves.
WEI has been cut on ONE HALF since April...
What is WEI ya say?
Weekly Economic Index - cut in half nearly in 4 months.
All is well... Move...
