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Financial reports suggest something is happening in the transportation sector
The gyrations of Wall Street The sharp swings on Wall Street in recent weeks, with markets down significantly one day only to bounce back the next, reflect great uncertainty over how long the record highs, financed by trillions of dollars from the Fed, can continue, and whether there is a major crisis waiting in the wings. Trader on the floor of the New York Stock Exchange (AP Photo/Richard Drew) A series of issues are fuelling the gyrations, including: Whether the Fed will tighten its monetary policy in response to increased inflation, and the effect of such a move on the debt mountain in fi...
An important technical conclusion stemming from the recent volatility spike is that prices must continue to push higher, above previous highs, in order to confirm the continued upside price expectations. The recent volatility spike and downside rotation in the US major stock market were big enough to reset many trending systems and prompt new upside price targets. In this research article, I will share our targets on the Mid-Caps and the Transportation ETFs to show you want we expect from the potential rally. IWM Breakout Above $218.35 Suggests Rally Is Just Starting The IWM, ...
And the transportation average, which is key, because that's all of the rails and things like that, that really are kind of the infrastructure for the country, they are in correction territory. but as you mentioned, brian, the dow jones industrial average just since the beginning of the year has had tough sledding. we've only been up two days since the beginning of the year. we're down about 7.3, maybe 7.4 year to date already on the dow jones industrial average. so at this point, it looks like we may be entering into something more significant, if we don't see a bounce in the oil market. beca...