Robot Monster! Transportation Stocks, Bitcoin Zoom, Tech Stocks Stutter and Hindenburg Omen Keeps Flashing

Another day in the land of Central Bank bubbles.

According to Bloomberg, transportation stocks have rallied more than 8 percent in a week, realigning them with industrials at new highs in a coupling that is one of the market’s oldest bullish technical indicators. According to the century-old Dow Theory, simultaneous records in the groups trigger a buy signal for U.S. stocks. Optimism that changes in U.S. tax policy will benefit the industry reignited the Dow Jones Transportation Average on Monday, pushing it back to an all-time high along with the industrials gauge.

dowth

But at the same time, the Hindenburg Omen keeps … omening?

hindyomen

The tech stock index SOX is stuttering.

soxindex

And crypto-currency Bitcoin keeps bubbling.

bitgolddol

Yes, another day in the land of Central Bank-generated asset bubbles.

“There is no escape from us, fool humans. There is no escape!”

Janet Yellen and The FOMC creating asset bubbles. Here is a video of her last speech to Congress.

yellenrobot

 

 

 

Advertisements

One thought on “Robot Monster! Transportation Stocks, Bitcoin Zoom, Tech Stocks Stutter and Hindenburg Omen Keeps Flashing

  1. Pingback: Robot Monster! Transportation Stocks, Bitcoin Zoom, Tech Stocks Stutter and Hindenburg Omen Keeps Flashing | Jina Scholten's Blog

Comments are closed.