DJT:bellwether for stocks & economy just sliced thru 14k support
This is bad! Stocks are falling even when DXY dollar index & TNX 10-yr yield are retracing.
The Dow Jones Transportation, a leading indicator for the stock mkt & the economy, just
zipped through the 14k key support, down 7.41%. All stock indices had a capitulation-like move Wednesday 18May, the worst since the pandemic days. Even defensive staples, household retailers like Target & Walmart fell.
DTJ has fallen into my green support zone. It may fall further it does not recover 14k soon.
Not trading advice
The Dow Jones Transportation, a leading indicator for the stock mkt & the economy, just
zipped through the 14k key support, down 7.41%. All stock indices had a capitulation-like move Wednesday 18May, the worst since the pandemic days. Even defensive staples, household retailers like Target & Walmart fell.
DTJ has fallen into my green support zone. It may fall further it does not recover 14k soon.
Not trading advice