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The DJ Trucking index remains inside of its rising channel, moving from the top of the channel to the bottom since May of 2011. Now the index is up against a 18-month old falling resistance line that has kept it in check several times.
The Trucking index often sends a quality message about the strength or weakness of the overall economy and the stock market.
Should this index break resistance, it would send a good message about the economy….keep a close eye on this action of this index due to the…. flag/pennant forming over the past few months!