What's going on with the Dow Jones Transportation Index?
Stock-Markets / Stock Markets 2015 Apr 15, 2015 - 08:03 PM GMTThe best way we can describe the Dow Jones Transportation Index is that it is a little higher than than last week at this time, but it is still at the lower end of its trading range.
The Transportation Index has been in a trading range since the end of last October. The Index is not very strong at this time, so it is in a higher-risk condition.
At the same time, it has been technically down trending since February 27 ... making lower highs and lower lows.
So, this will either turn out to have been consolidation for continued up movement, or it will continue its down trending and go lower.
By Marty Chenard
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Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.
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