aLWAYS OPP SOMM MOTHE BEFORE THE REAL INDEXES. Whatv we want to see every day now is open up and close down withh hogth vol
Transports have managed to hold key support but for how long? The worst could be yet to come and this chart is one to watch.
Transports have turned off a double top. Imminent recession warning.
100+ Container Ships off Long Beach. A clear build there, who owns that port? China.
Watching this one closey as a leading indicator for world trade.
DOW Transportation is not confirming the rise in YM DIA DOW INDU. NQ Trans is holding its own for now. Semi (SMH) is showing immense declines in availability of Semiconductors. Disruptions affecting EPS will come into play in Q3 EPS. Simply look at APPL, M2 and M1X ARMs are delayed. AMD has reached its peak EPS as well. INTC is sourcing Via its own FABs...
Transportation Dow Theory suggests that transport leads the markets. A break Here could lead to lower prices or long-term stagnation. These are all potential areas of interest to be aware of. Confirmation is needed. As posted before DJIA is also hitting multi-decade resistance. Now so is TRAN index simultaneously What Is the Dow Theory? The Dow theory is a...
I know many have and will continue to be fooled by market price action. The reality is this, this is a bullschitt move pumped by endless trillions of dollar for the top 5% putting the liabilities on the shoulders of the 95%. I have always said deficits create a SAVINGSBUBBLE. We don't have too much debt, we have too many SAVINGS in the hands of the few. I could...
Recession is coming, remember who told you this. :) BUY THE DIP Small blue diamond WE ARE CLIMBING THE WALL OF WORRY Small blue diamond ITS A HOAX Small blue diamond JUST THE FLU Small blue diamond NIBBLE ON THE WAY DOWN Small blue diamond BE GREEDY WHEN OTHERS ARE FEAR FULL DON'T FIGHT THE FED They are all going to get crushed!
Short TRAN. Swing can not make higher peak. Price will go down swing low 3348
We slightly crossed negative for the year in the Airlines this week. Transports are suppose to lead bull markets hire. This is not a great signal.
This was a look above and fail pattern. This looking more and more like a failed breakout pattern.
IYT broke out this week but don't jump too soon for a short. Looks like some more up to me.
****Please see my DJTA post six days ago**** The DJTA could be the most important stock index to watch. It's Elliott wave structure is very clear and it's development appears to be more advanced than the SPX and DJIA. Meaning it could be a very good early indicator for movements in both the SPX and DJIA. Minor wave "4" down appears to have begun. Daily...
The Dow Jones Transportation Average (DJTA) has a clearer and perhaps more advanced Elliott wave structure than the SPX. More advanced means the DJTA is further along in the development of an impulse wave. The DJTA can now count as having completed Minor wave "3" while the SPX still looks like it needs more sub divisions to complete its Minor wave "3" of a...
Transports Analog from 07-08 looks very similar. The question that most people are asking themselves is whether the February lows were the major cycle turn. Many markets put in convincing lows in Feb 2016. However, the damage was limited and very brief. Other markets are putting blow off type top's and with the interest rate cycle ahead, the question is...