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The predicting power of transportation sector
Important points to consider:
- Transportation sector has been widely used as leading economic activity indicator
- The correlation of Dow Jones with Dow Transportation index is high
- The divergence between both usually result in sharp rally followed by correction with same magnitude
- After last week sharp drop of the Dow Transportation index there is high probability that we are witnessing the same pattern
CapitalHubs.com
- Transportation sector has been widely used as leading economic activity indicator
- The correlation of Dow Jones with Dow Transportation index is high
- The divergence between both usually result in sharp rally followed by correction with same magnitude
- After last week sharp drop of the Dow Transportation index there is high probability that we are witnessing the same pattern
CapitalHubs.com
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.