I have been watching and reading a bit recently around how the transport sector leads the markets and can see a few reasons why.
In the top chart you can see divergence just before the Covid-19 black swan and now we have a very heavy divergence in play similar to what led the market before the 2007 crash, it could be seen as the start perhaps.
Theres a lot of dumb money around thats pumped us this far and I don't know how it will stop but things have seemed toppy, I will remain neutral and in cash while this plays out a bit more as DXY looks to be strengthening which is also a signal that the market may correct.
In the top chart you can see divergence just before the Covid-19 black swan and now we have a very heavy divergence in play similar to what led the market before the 2007 crash, it could be seen as the start perhaps.
Theres a lot of dumb money around thats pumped us this far and I don't know how it will stop but things have seemed toppy, I will remain neutral and in cash while this plays out a bit more as DXY looks to be strengthening which is also a signal that the market may correct.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.