By: Steve Smith
Earlier this week I looked at how The Dow Theory was indicating the stock market was heading into a broad bear market. Today, I want to take a deeper dive into one sector of the Dow Jones Transportation Index (DJT), the trucking industry, to see what ails it. Or if it’s presenting a buying opportunity.
Trucks account for over 82% of most goods, from groceries to clothes to construction material and fuel are moved from businesses to consumers.
Right now, it’s sending a very mixed picture. If one were to assess the situation solely based on the share price of various trucking firms, you’d think we’re already deep into a recession.
Trucking stocks have been under pressure in recent months, with most…
Continue reading at StockNews.com
The Greatest Trading Book
I have been working very hard to introduce you to the greatest trading book ever written. At my trading firm, the very first thing that any new trader had to do was read this book. They wouldn’t be allowed in my office if this book was not read. Now, I’ve taken this book and built an entire trading system around it. For anyone that has any interest in trading, this is a must-read. It’s about success, failure and then success again. This book is being offered today, Get Your Copy Now