A key index of global shipping prices is nearly 50% below its previous record low level. We swore we wouldn’t devote any more Charts Of…
Tagged $^DJT
Sector Spotlight: Transports Can’t Afford To Travel Any Lower
The beleaguered Dow Jones Transportation Average has dropped to a key support level. One of the hardest hit sectors in the correction over the last…
Global Shipping Rates Run Aground
A key indicator of shipping rates just made an all-time low. With speculation running wild surrounding the first potential rate hike in 9 years at…
Dow Divergences Reaching Historic Levels
Since 1929, the Dow Jones Industrial Average has rarely ever been so close to a 52-week high while the Dow Transports AND Dow Utilities were…
Dow Divergences Part 3: The Double Dose
Today, we wrap up our mini-series on divergences among the Dow Jones indices. In previous installments, we learned that large negative divergences on the part…
Dow Divergences Part 1: Transports
Divergences are one of the most oft-cited arguments in calling tops. They are also perhaps the least accurate. That’s because divergences (whereby one index reaches…
Are Lagging Transports a Sign of Trouble?
The Dow Theory has been covered ad nauseum by others in recent weeks and months. Of course, the Theory is based on the confirmation (or…
This Global Economic Indicator Just Hit A 30-Year Low
Our post and Chart Of The Day on Tuesday focused on the 5-Year Breakeven Inflation Rate. The impetus for mentioning it was due to the…