Thursday June 9 2022
Transports and Small Caps lead and they are leading the way down. Wed Transports dropped a whopping 3.8%, in one day. the dwn trend from the November high could not be more clear.
two Hour View
PMO is bending over, note the index di not exceed the earlier high of May 19.
S & P Small Cap looks much the same
Small cap index failed right above the 20 bar MA on this two hour chart.
Industrials - again a lower high and flat lined PMO
while stocks are looking toppy bonds are seeking a low registering a small bounce in price the last few days.
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