by Chris Kimble | Dec 15, 2018 | Kimble Charting
The bull market is experiencing its first real test since the 2014/2015 stock market correction. Volatility is high and key sectors are heading lower. One such sector is the Transportation Sector(NYSEARCA: IYT) and select stocks. The age-old Dow Theory call for the...
by Chris Kimble | Nov 10, 2018 | Kimble Charting
The latest stock market correction and swing lower has seen momentum drop to extreme lows (on a intermediate-term basis). This poses a bit of a conundrum because stocks have been struggling since hitting historic longer-term momentum highs. So what do investors make...
by Chris Kimble | Nov 6, 2018 | Kimble Charting
A swift 30 point drop (nearly 15%) from mid-September through the end of October has the Transportation Sector (IYT) testing important long-term support. The Dow Jones Transports Sector (IYT) also represents an important slice of the domestic and global economy. So...
by Chris Kimble | Aug 31, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE The chart looks at Transportation ETF (IYT) on a weekly basis. Its long-term trend remains up and nothing that has changed the trend. IYT peaked in January along with the broad markets and then fell where it tested short-term rising channel...
by Chris Kimble | May 4, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE This chart looks at the Dow Jones Transportation Index over the past 25-years on a monthly basis. The trend for Transports is up and nothing of late has changed the long-term trend. Transports are testing 3-year rising support at (1) with...
by Chris Kimble | Jan 26, 2018 | Kimble Charting
For the past 30 years, the Dow Jones Transportation Average has traded within a wide price channel (marked by 1’s on the chart below). On a few occasions, the Transports have reached the top of this channel, last week being one of them (see point 2 on the chart...
by Chris Kimble | Nov 20, 2017 | Kimble Charting
1-year ago this month, the Transports/S&P 500 ratio peaked and has been heading lower, reflecting that Transports have been diverging against the broad market. Below looks at the performance of the S&P to Transportation ETF (IYT)- CLICK ON CHART TO ENLARGE The...
by Chris Kimble | Jul 12, 2017 | Kimble Charting
Over the past several weeks, select cyclical sectors have started to perk up. From Industrials to Transports to Financials to Materials, all have seen strength. This is good news for investors, as this could signal a fresh leg higher for stocks. Today, I’d like to...