Transport Sector Recovery Hope at Jeopardy - SPY, DIA, QQQ and IYT
The stock market is in limbos, 2 of 4 top indexes are in the split signal - SPY and QQQ at bullish signals; DIA and IYT (transport) at Neutral to Bearish. Per yesterday closing basis, Transport sector has exhibited bounce reversal, see chart on rounding base, but this potential turnover is at jeopardy, stock market gapping down by full -1% on the geopolitical concern- Gary Cohn stepped down as White House top economic advisor.
The stock market is now sensitive to any kind of economic or geopolitical news, unlike in 2017. Volatility has been awakened in February and will linger until all top 4 index gets its jive altogether.
- Apple (AAPL) Amazon (AMZN) Netflix (NFLX) Alphabet (GOOGL)
- SPY, QQQ, DIA, XLF, XRT, XLE, IYT, IWM, IBB, SMH
Twitter: @ Kris_tin27