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Post by uncleharley on Nov 2, 2021 14:39:22 GMT
Does anyone know why the Dow Jones Transports index rocketed up 1000 points in the first hr of trading today? I cannot find a headline that would start that ride.
Edit; It is still rising. 1500 points in 1.5 hrs. Hourly trading volume is strong.
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Post by uncleharley on Nov 2, 2021 15:04:20 GMT
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Post by yogibearbull on Nov 2, 2021 15:12:36 GMT
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Post by uncleharley on Nov 2, 2021 17:49:54 GMT
The CAR chart matches the Transports so you are probably right. |
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Post by yogibearbull on Nov 2, 2021 22:38:28 GMT
Stockcharts from 09/02/21. We have new highs in all major indexes with Avis/CAR craziness affecting the DJ Transports like a meme stock (chart may default to 1 yr, and then change date to 09/03/21). LINK . |
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Post by uncleharley on Nov 2, 2021 22:53:05 GMT
That is an intriguing chart. The transports have been outperforming the S&P since 10/1/21. I think there is more than CAR moving the index for a month.
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Post by yogibearbull on Nov 2, 2021 22:59:58 GMT
That is an intriguing chart. The transports have been outperforming the S&P since 10/1/21. I think there is more than CAR moving the index for a month. Recent strength in Transports was noted here on another thread, big-bang-investors.proboards.com/post/10835/thread |
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Post by Chahta on Nov 10, 2021 2:19:08 GMT
Avis has to be making bank now. With the big rise in rental fees not sure how they could miss. The reported shortage of cars doesn’t seem right. I always see cars sitting when I pick one up.
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