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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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December 06, 2024

Transports and Utilities

Friday 12/6/2024

Transports lead both to the up and downside. It appears these two indexes are looking toppy.

Screenshot 2024-12-06 at 4.10.31 PM Screenshot 2024-12-06 at 4.15.26 PM

Both are turning down on the monthly chart, let's take a closer look.

Screenshot 2024-12-06 at 4.11.33 PM

Screenshot 2024-12-06 at 4.11.20 PM

 

This retreat does not constitute a change in trend, yet. But as over zealous as the markets are this is a divergence from the NDX. This bears watching all indexes will not top at the same time.

One rarely to never hears either TRAN or UTIL discussed on the business cable channels. but as said, TRAN leads the new direction.

Posted at 05:36 PM in Stock Market |

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