by Chris Kimble | Mar 8, 2023 | Kimble Charting
I think everyone will agree that the transportation sector is an integral part of the U.S. economy. When they are trending higher, the economy is in good shape… and when they head lower, the economy is typically slowing. Well, today we have a very concerning case of...
by Chris Kimble | Jan 24, 2022 | Kimble Charting
Today’s chart 4-pack illustrates why the broader stock market has reached a critical juncture this month. Investors are feeling the heat from recent selling. Why? Well, as the “monthly” charts above show, the Dow Industrials, Dow Transports, Dow Utilities, and NYSE...
by Chris Kimble | Nov 19, 2021 | Kimble Charting
As the bull market carries on into year-end, some lagging sectors and stocks are just getting back to their early 2021 highs. Some will breakout (bullish), while some will find stronger resistance and pullback. For the latter, a move lower may raise the prospect of a...
by Chris Kimble | Sep 8, 2020 | Kimble Charting
Investors tend to follow the Dow Jones Industrial Average and Dow Jones Transportation Average to gauge the economy and the popular stock market signal, “Dow Theory”. Though laggards this year, both indices remain important and may be nearing a crossroads. In today’s...
by Chris Kimble | Jan 24, 2019 | Kimble Charting
Transports are often considered a leading indicator of how the economy is doing. Since the Septemeber 2018 highs, the Dow Jones Transports Index has declined more than the broad market. This decline looks to be forming a new falling channel highlighted at (1). The...
