Can the Transports Deliver Stock Indexes? Is the Dollar Set to Rally?
A case is made for a resumption of the growth stock rally. First a look at the current position of the dollar. From a historic perspective what are the potential consequences of a dollar rally or reaction on the trend of stock prices? Then a look at the 10 year U.S. Treasury Note and whether the current rally (drop in interest rates) can continue.
The Dow Jones Transportation Average has been declining recently, in contrast to the rise in other important stock indices. What is the future direction of the Transportation Average? The Wyckoff Case is made for a rally.
This episode of Power Charting concludes with the case that growth stock indexes are poised to resume their prior uptrends; various indicators are evaluated.
Symbols: UUP $USD $SPX IEF $INDU IYT $TRAN ALK $BPTRAN $SPX $CZH QQQ $NAA50R FFTY ARKK
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