by Kimble Charting Uncertainty is mounting as the new omicron covid variant adds to economic concerns like inflation. This week, I shared an article looking at potential topping formations on the Transportation Sector (IYT) and small-cap Russell 2000 Index (IWM). Here we revisit …
by Kimble Charting Transports are often considered a leading indicator of how the economy is doing. Since the Septemeber 2018 highs, the Dow Jones Transports Index has declined more than the broad market. This decline looks to be forming a new falling channel …
transports lag — seems like today was just one big short cover forced by oil ramp on iran sanctions & vix smash pic.twitter.com/0QoDi29qeA — Alastair (@StockBoardAsset) September 11, 2018 continued vix smashing pic.twitter.com/MBMzohQLuL — Alastair (@StockBoardAsset) September 11, 2018 WTI …
by Kimble Charting CLICK ON CHART TO ENLARGE The chart looks at Transportation ETF (IYT) on a weekly basis. Its long-term trend remains up and nothing that has changed the trend. IYT peaked in January along with the broad markets and then fell …
by Chris Kimble CLICK ON CHART TO ENLARGE This chart looks at the Dow Jones Transportation Index over the past 25-years on a monthly basis. The trend for Transports is up and nothing of late has changed the long-term trend. Transports are testing …
by stockboardasset Dow Jones monthly RSI tags 75.0610 reading, which has been synonymous with a late cycle move. Breaking down the move from 1Q2016, the RSI has a clear construction of the Elliot Wave. The current move in the wave count is …
by Kimble Charting Below looks at the Dow Jones Transportation Index since 1994. Is it possible that the Transports index is repeating the patterns that were created back in 1999 & 2007? Below is an update on a potential pattern that we have …
by Dana Lyons A new take on the issue of diverging transportation stocks – red flag or red herring? After breaking out to all-time highs following last fall’s presidential election, transportation stocks spent the first half of 2017 consolidating that move. …
by Kimble Charting Below looks at the Dow Jones Transportation Index over the past 20-years. Before we discuss the chart below, let me be clear about this, the trend at this time remains up. The focus of this chart is what …