The Dow Transportation Average has held up well in the face of the recession/depression I’ve be reading about.
Transports Hold Up Well
September 12th, 2008 2 Comments
Tags: Dow Jones Transportation Average (TRAN) · Standard and Poor's 500 (SP500) · Volume
Russell 2000 In Strong Long Term Position
September 12th, 2008 No Comments
The smaller growth companies cannot function in a recession or a weak credit environment. They do not have the resources to sustain a downturn with large damage. Unless this chart move below the August low I am long term bullish.
Tags: Double Bottom · Gann Angle Fan · Growth Stocks · Russell 2000 Smallcaps · Slope