wndysrf Posted January 13, 2007 Report Share Posted January 13, 2007 Looking at the OSX. It needs to hold right here, or it could be in the midst of a "crash" similar to 1998 and 2001. Link to comment Share on other sites More sharing options...
wndysrf Posted January 13, 2007 Author Report Share Posted January 13, 2007 Weakness in oil might be the catalyst to get the transports to catch up with the Dow Industrials. Several truckers had breakaway gaps up on the daily chart, and might be moving higher after an extended consolidation on the weekly chart. Link to comment Share on other sites More sharing options...
wndysrf Posted January 13, 2007 Author Report Share Posted January 13, 2007 Looking at a longer view, the Dow Jones Transports might be close to completing a large "measured move" up from the 1998-2003 consolidation, but might have a few hundred more points to go before its completed. Link to comment Share on other sites More sharing options...
wndysrf Posted January 13, 2007 Author Report Share Posted January 13, 2007 "Fly in the Ointment" with the argument that a falling energy market may boost transport stocks: Many of the railroad stocks (BNI, KSU, etc.) actually trade with the CRB Index, since they are dependent upon coal and grain transport. Coal stocks actually turned up 2 days before the oil market completed its selloff last week: Link to comment Share on other sites More sharing options...
wndysrf Posted January 13, 2007 Author Report Share Posted January 13, 2007 Retail Stocks: If energy prices continue to fall, will retailers make a new high? Link to comment Share on other sites More sharing options...
wndysrf Posted January 13, 2007 Author Report Share Posted January 13, 2007 Banks: No real news here. Citigroup is pulling back from its breakout, the other big banks are still going sideways: Link to comment Share on other sites More sharing options...
wndysrf Posted January 13, 2007 Author Report Share Posted January 13, 2007 Possible "Needle Top" on the weekly regional bank index?? Link to comment Share on other sites More sharing options...
wndysrf Posted January 13, 2007 Author Report Share Posted January 13, 2007 Banking index is now severely lagging the broker/dealer index. Negative divergence? Perhaps investors are starting to sniff out interest rate or loan default problems? Link to comment Share on other sites More sharing options...
wndysrf Posted January 13, 2007 Author Report Share Posted January 13, 2007 Another warning about interest rates: Utilities are underperforming, especially EIX and TXU. Link to comment Share on other sites More sharing options...
wndysrf Posted January 13, 2007 Author Report Share Posted January 13, 2007 QQQQ being dragged up by just a few outperformers: Link to comment Share on other sites More sharing options...
wndysrf Posted January 13, 2007 Author Report Share Posted January 13, 2007 What about the 2003-2004 NDX Screamers? Why are they lagging? Are they going to continue to go lower? What happens if they start rallying up? Link to comment Share on other sites More sharing options...
wndysrf Posted January 13, 2007 Author Report Share Posted January 13, 2007 Emerging Market ETFs, especially China: Will they continue to drop? Stay in a consolidation? Is there another big run up in the works? Link to comment Share on other sites More sharing options...
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