This is an interesting day chart showing the relationship of Dow Transport Index and Dow Industrial Index. Did you notice that each time, DOWT (blue line) went south, it would rebound.First time was April, then July and now November this year.
The yellow dotted line shows the support that the current price of DOWT is at ,9501.93 which was the same in Sept 18. It...
CADJPY has been setting up to become a great selling opportunity on a macro-standpoint for the following reasons:
I was looking for a drop well-before today's action:
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Fundamentals in a nutshell:
CAD is highly correlated with WTI crudeoil, both on a fundamental and technical level. There still is no tangible...
We normally don't publish equity ideas but this chart is worth noting as it directly relates to the U.S. economy. The Dow Jones Industrial Average and the Dow Jones Transportation Average are highly correlated for many reasons as you can imagine. A quick look at the chart and you will see the current divergence in that correlation. Simple said, if an economy is...
(Note: DOWT is no longer in a bear market after rallying the last two weeks)
2015 was suppose to be just another year of the epic bull market created by reckless central banking policies. Some Wall Street estimates for the S&P 500 were as high as 2,300. Me? I projected a contraction to 1,810 in mid-January.
Whether or not the SPX will reach my target within the...
Prior to 2014 there have been 3 instances of the monthly RSI closing above 80 going back to 1988, Each of the three instances have lead to a return to the trend line noted below. In November of 2014, the DOW transports recorded the 4th instance of a monthly RSI close above 80 coming in at 86.
Recently the DOWT found support at previous resistance measured...
