The Indicator of economy
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DTX is the running average of the stock prices of twenty transportation corporations. A well-known gauge for future trend for the other US indices.
On Friday we were able to reserve a major signal giving rise to a new bear market. The upward momentum was now rejected twice.
UO indicator fell below 50 again, which can be regarded as a chance to go short on this market.
In this post, I don't want to harp on the various headwinds for the global economy. But Bulls have been too optimistic that the FED is gonna save the day.
On Friday we were able to reserve a major signal giving rise to a new bear market. The upward momentum was now rejected twice.
UO indicator fell below 50 again, which can be regarded as a chance to go short on this market.
In this post, I don't want to harp on the various headwinds for the global economy. But Bulls have been too optimistic that the FED is gonna save the day.
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No chnce to short this market. Stocks are in.
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