Dow Transports Broke To The Upside

I was still sceptical about Dow Jones Transports on Tuesday, writing about the "doji indecisiveness". It brings formally with itself the consequences of Dow Theory Buy signal ... volume seems to be confirming.

The death of Efficient Market Hypothesis poses questions about technical analysis, but ...

I am not exactly happy with the FedEx pre-announcement today either, and Baltic Dry Index has decoupled since June, or vice verse?

ECRI US WLI just powers higher:

"The rise in WLI growth to a record high reinforces our earlier forecast that at least the early stage of the current economic recovery will be more vigorous than the last two," said ECRI Managing Director Lakshman Achuthan.

Achuthan recently told Reuters that a double-dip recession is highly unlikely, and that the United States is poised for a far stronger recovery than many are projecting.

"We expect non-manufacturing employment -- which is where 91 percent of us work -- to be positive by year end," Achuthan said.

"We are talking about recovery that includes jobs growth in the non-manufacturing sector, and weare talking about a recovery that includes increases in consumer spending. So, in spite of the fact that many people look at this recession as being unprecedented and unlike any other, what we're seeing in our indexes is that there are a lot of similarities to previous recessions and recoveries," he added.