Wednesday July 17, 2019
CSX railroad did not make its number, expected 1.35 only earning 1.23 but what a difference.
Money flow at top shows investors have been exiting CSX for the last few months. That expectation capitulated on lower earnings today taking CSX down 9.69% Note the huger volume spike at bottom That in turn hurt the Transport index.
Transports
Remember the Transports lead and now they are leading to the downside. Again CMF at top shows money leaving this sector most of this year. Russell 2000 is down .43% but don't be surprised if a couple of tech stocks miss their numbers and bring this index down as well.
We are looking for a low in stock markets mid August, the descent officially began today.
Social mood turns on silver miners.
Again money flow at top shows the dramatic reversal in social mood towards silver miners at the end of May.
Energy prices have also turned down, I am moving into the bear fund for energy DUG.
Comments