The Market Perspective: Transports Topping

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« State of the Global Markets | Main | Crude Oil Continues to Rally, Will Stocks Fall Friday, will the Connection Separate? »

February 26, 2016

Transports Topping

Friday Feb 26 2016

The Dow Transportation average is the leader, and it just flashed a PAR SAR daily sell signal.

The down move on Thursday generated a sell signal. As we say the Transports have been the 'out front' indicator

of overall market direction. So this is significant. Notably Tom DeMark has today Friday as a pivotal day.

GLD

A article intoday's WSJ notes big players are betting big on call options on GLD. Indeed volume on those options is nearing what it was back at

the 2011 high. On balance volume is as high as it can get in the lower panel. This looks pretty frothy!

Posted at 08:50 AM | Permalink

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