Tuesday, July 24, 2012

Transports Near Death

Well, not literally. But there is a death cross developing on the daily chart. The last one occurred in 2011 and was very deadly for transports and the market overall. This morning UPS reported a miss and guided lower. I plotted it over the Dow Jones Transportation Average. Keep your eyes on this development.

click on chart to enlarge

No comments:

Post a Comment