by Chris Kimble | Dec 2, 2021 | Kimble Charting
Uncertainty is mounting as the new omicron covid variant adds to economic concerns like inflation. This week, I shared an article looking at potential topping formations on the Transportation Sector (IYT) and small-cap Russell 2000 Index (IWM). Here we revisit these...
by Chris Kimble | Dec 1, 2021 | Kimble Charting
Two extremely important sectors to the economy and U.S. equities market are struggling. And investors should take notice. The Transportation Sector ETF (IYT) small cap Russell 2000 (IWM) are two sectors bulls would like to see continuing higher. But today’s long-term...
by Chris Kimble | Aug 12, 2021 | Kimble Charting
After a meteoric rise out of the 2020 coronavirus crash lows, the Transportation Sector ETF (IYT) has stumbled and bumbled. Better said, the Transports have been a major laggard of the broader market. As you know, the transportation sector is a key cog in the economy...
by Chris Kimble | Aug 19, 2020 | Kimble Charting
The transportation sector is an important part of the US economy. Planes, trains, and automobiles… or something like that. But the past couple years have seen the Dow Jones Transportation Average lag the major stock market indices. In fact, as you can see in today’s...
by Chris Kimble | May 4, 2020 | Kimble Charting
Is it Ruh-Roh Time for stock market bulls? Possible!!! Stock market bulls might have received a very concerning message last week from numerous indices! This 4-pack reflects that each popular index created a sizeable bearish reversal pattern at respective Fibonacci...
by Chris Kimble | Apr 24, 2020 | Kimble Charting
The bullish case for stocks is being put to an important price test here and now! This 4-pack reflects that “new resistance” and Fibonacci retracement levels are in play for each of these look-alike patterns. Each of these important indices hit long-term...
by Chris Kimble | Oct 8, 2019 | Kimble Charting
Transports have been flying high for nearly a decade. Is this trend about to end? This chart looks at the Dow Jones Transportation Index over the past 14 years. Since the summer of 2009, they have been creating a series of higher highs along line (2). Over the past...
by Chris Kimble | Aug 19, 2019 | Kimble Charting
Is the DJ Transportation Index presenting a rare buying opportunity? The broad market most likely hopes so! Transports have spent the majority of the past decade creating a series of higher lows. This pattern has created rising channel (1), which started back in 2009....