Wealth Creation Through Natural Resources
The Dow Jones Transports have been putting in a top for the last six months, ever since the parabolic rally of October/November 2014: This is at least the 6th test of the 8500-8600 support/resistance zone since last December and … Continued
A couple of noteworthy charts from the RBC technical analysis team: Dow theory non-confirmation: Despite the S&P 500 essentially sitting at all-time highs and the TSX Composite resting just below all-time highs we are seeing a lot of … Continued
The Dow Transports led the equity market breakout in January 2013 and this sector has undoubtedly been one of the primary leaders of the rally since; nearly doubling in the 2 years between November 2012 and November 2014. However, since posting … Continued
From Mark Hulbert: The Dow Transports haven’t gone anywhere during the past couple of months even as crude oil has fallen a further 20%+ in the same time period. This is a very interesting phenomenon given that one would think … Continued