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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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« Markets Take Off | Main | Stock Indicators Diverge, Energy at Important Do or Die Support »

April 27, 2017

Transports and Industrials Appear to be Topping

Thursday April 27, 201

Screen Shot 2017-04-27 at 7.37.47 AM

Despite two 200+ up days in the DJIA, Transports look to be fading at the 50 day MA.

INdustrials

Screen Shot 2017-04-27 at 7.41.43 AM

It ain't over here yet but I suspect the Industrials just posted a lower high, failing to exceed the March 1 high. This is unnoticed

in the media gushing over NASD 6,000 which is probably the Fab Five stocks doing well.

I see in this morning WSJ that even Proctor and Gamble is feeling the pinch of reduced consumer spending.

Anadarko and Apache both declined yesterday. I am still thinking they may be bell weathers for the energy sector. So far support at 60 and 50 has held, so far.

Posted at 08:45 AM in Energy |

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