Stock Market Transportation Index Continues To Grind Higher :: The Market Oracle ::
If the face of last week’s sideways price action and almost in a rebellious manner today (May 4, 2021), the Transportation Index is moving higher while the US major indexes are all broadly lower. VIX has shot up over 20 again (over +13% higher) and the NASDAQ is off by more than 300 points (-2.75%) as I write this article. Yet, the Transportation Index is bucking the trends and trading higher. What Does It Mean When The Transportation Index Bucks The Major Index Trends? My team and I have often highlighted the Transportation Index in our past research article. The reason we ...
Source: marketoracle.co.uk