$TRAN – Monthly
Saw this $TRAN chart on Kimble Charting solutions, so built one of my own to pass along.
Looked for a similar pattern in other major indexes but haven’t found one, so likely the $TRAN stands alone with this pattern.
A DT in the $TRAN is not confirmed, but maybe something to watch for.
If the general stock market does take a spill (only speculating) what happens to commodities this time? to the PMs?
The down drafts in 2000 and 2008 took everything else along for the ride, unless I am mistaken.
If I was invested in the general stock market right now, I’d be feeling very nervous. I far prefer to invest in beaten down sectors which present much greater opportunities – PM’s, Uranium, Cobalt etc.