On 11/20 the Power of the Pattern reflected that the DJ Railroad index was creating a bullish pattern, which could be sending a positive message for this index, the broad market and maybe the economy as a whole. (see bullish railroad post)
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Since the 11/20 posting the S&P 500 Railroad index and IYT have increased almost 5% in less than three weeks. The above 4-pack reflects that several Transportation related investments are attempting to break above key resistance lines.
Keep a close eye on this key industry, due to its leadership role and macro messages it often sends about the global economy! Listen to the media and the Fiscal Cliff noise or the messages being sent from this key industry???
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