But, things are getting interesting with the DJT. A down trend could be forming on this index. Not sure if it is due to the market finally realize the anticipated recovery is not coming soon or the crude oil prices moving above $60 a barrel due to weak US dollars caused the transport to weaken. My take is the market is starting to realize the economy is still far away from recovering. No matter what wimpy term, i.e. "geen shoot" these talking heads decide to propagate, things cannot be getting better if it is still less bad or going down less than before. To me, its not "green shoot" we are seeing, it is a "crap shoot" through all these bailouts, stimulus, and proposals various central banks, governments, and politicians are implementing and/or considering. So keep an eye on the DJT. It could be telling us something about what to come for the rest of the market (hint: Dow Theory).
