2/20/2019 – A positive day with the Dow Jones up 63 points (+0.24%) and the Nasdaq up 2 points (+0.03%)
The stock market remains at an incredibly important juncture. Things are about to accelerate in an unexpected way. If you would like to find out what happens next, based on our timing and mathematical work, in both price and time, please Click Here.
Let’s start with bad news….
What Trucking & Freight Just Said About The Goods Based US Economy
And given the rising capacity, and the declining shipments, trucking companies have backed off their historic binge of ordering Class-8 trucks. In January, orders for these trucks plunged by 58% from a year ago, to the lowest level since October 2016, toward the end of the “transportation recession” when Class-8 truck orders had plunged to the lowest levels since 2009, and truck and engine manufacturers responded with layoffs. So that U-turn was fast, even for the legendarily cyclical trucking business.
And while the above can be dismissed, investors would be ill advised to dismiss the yield curve……
Yield Curve Inverted Out To Seven Years……
Not good, not good at all as this recession indicator has NEVER been wrong.
Speaking of NEVER.
This stock-market gauge just hit an all-time high — and that’s bad news for bears
Bear markets ‘never ever’ begin when A/D line is hitting all-time highs: analyst
As you can see, the complexity of today’s situation can only be described as confusing. And while some indicators point to an outright economic collapse other suggest the ongoing rally is stocks will continue. Or, as President Trump would say, “Very, very confusing”.
Luckily, you don’t have to guess what the stock market will do next under such extreme conditions. If you would like to find out exactly what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here.
Please Note: Our latest call was a direct hit. While everyone was panicking our work projected an important bottom on December 27th (+/- 1 trading day) on the Dow at 21,725 (+/- 50 points). An actual bottom was put in place on December 26th at 21,713.
