Sure looks like it. I spotted that today when reviewing my
holdings. The STS system also went flat on IYT on May 17. Guess we
should have listened sooner! :o) (I've been out of town
for a week, so I didn't get the signal till today.)
I also noticed that consumer discretionary, which had been
holding up, is starting to weaken, too. Check out LOW as an example
on today's earnings. Another canary?
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IYT Transports
Posted by matt on 21st of May 2024 at 06:32 pm
IYT - Chart Link could this be a H&S?
Sure looks like it. I
Posted by Trendie on 21st of May 2024 at 07:07 pm
Sure looks like it. I spotted that today when reviewing my holdings. The STS system also went flat on IYT on May 17. Guess we should have listened sooner! :o) (I've been out of town for a week, so I didn't get the signal till today.)
yep - perhaps it's a
Posted by matt on 21st of May 2024 at 07:20 pm
yep - perhaps it's a canary in the coal mine early warning. I've been pointing this out since the weekend newsletter
I also noticed that consumer
Posted by Trendie on 21st of May 2024 at 07:25 pm
I also noticed that consumer discretionary, which had been holding up, is starting to weaken, too. Check out LOW as an example on today's earnings. Another canary?