Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, December 31, 2015

IYT Transportation Index at Critical Point

The IYT provides a visual representation of the true health of the economy that is lost or concealed in most economic reports.  The past year the Index has shown a slow decline that syncs with the underlying situation in the economy.  

Right now it is sitting on the lower line of its 7-year uphill channel.  If it drops out of that channel it will throw a huge shadow over the validity of the economic reports being served up.

Trade well my friends


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