Chart of the Day (4): Are Transportation Stocks Forecasting An Economic Train Wreck?

Transportations Trigger Dow Theory Sell Signal Originally called the “Rails”, the Dow Jones Transportation Index is a companion index to the 30 Industrials. Charles Dow and Edward Jones founded  Dow, Jones and Company in 1901.  They created the Dow Jones Industrials, Rails and went on to co- found the Wall St. Journal. Dow constructed the […]

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Chart of the Day (3): Is Walmart Signaling Retail Slump?

Walmart IS Retail.  What is Their CHART saying? Walmart (WMT) is the nation’s largest and dominant retailer in terms of annual revenues with about $500 Billion. Costco (COST), number 2, has roughly 30% of WMT’s sales.  (https://www.investopedia.com/articles/markets/122415/worlds-top-10-retailers-wmt-cost.asp) Walmart’s chart screams TROUBLE even more than one of the famous “Black Friday Brawls”. Walmart has traced out […]

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Will the Stock Market Get a “Santa Claus Rally” or “Season’s Beatings”?

Is Santa Claus Coming To Town? Also known as the “December Effect”, the Santa Claus rally refers to the tendency of the Stock Markets to rally during the winter holidays.  Yale Hirsch first coined the term in 1967 in the “Stock Trader’s Almanac”.  (https://www.stocktradersalmanac.com/).     The evidence, as compiled by the Wall Street Journal, […]

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