The chart below was posted on 7/28, reflecting that negative patterns in the leading transportation industry was at hand and they were suggesting that gravity can be pretty painful and Ole Wiley was waving good bye to current prices.. (See post here) IYT and the DJ Trucking index were both suggesting a high level of [...]
CLICK ON CHART TO ENLARGE They say that it isn’t the fall that hurts…its the sudden stop! In investing, gravity can have an impact on portfolios when key support gives way! IYT and the DJ Trucking index look like they are struggling with key support of late!
The DJ Trucking index has been a decent leader for the broad market. Last week I shared that an UPSIDE BEARISH WICK had taken in the DJ Trucking Index, which in the past suggested lower prices in the broad market (see post here) CLICK ON CHART TO ENLARGE In the past these upside failures along [...]
Flag patterns are created by a series of lower highs and higher lows. They often tend to frustrate both the bullish and bearish crowds, since the majority of investors aren’t making monies. These patterns aren’t good per suggesting which way the breakout will be, yet when it does, the move is usually quite large! These [...]
CLICK ON CHART TO ENLARGE Has the news out of Greece been a good leading indicator per when to adjust your portfolios? Yes…use the bad news out of Greece to go long stocks! (Greece concerns good for stocks) This post took place a couple of days from the market lows. How about adjusting portfolios based upon [...]
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