Google site search Follow readtheticker on LindedIn YouTube StockTwits FaceBook Follow readtheticker on Twitter
jump to mobile friendly blog
Blog ReLoad |Titles List |Media Only |Media Titles List |RSS RSS |ATOM Atom |FEEDBURNER FeedBurner|Email Delivery |Mobile
Created on: 9/24/2011 4:36:17 AM   Last Update: 9/24/2011 4:39:37 AM Posted by: RTT
WARNING: This entry is 1898 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST Copper and Dow Transports indicators of world growth (500)


copper-and-dow-transports-indicators-of-world-growthSimon Baker of Baker Avenue Asset Management said that copper and Dow Transports are leading indicators for world growth. His firm uses a proprietary index he called the 'Baker Ave Market Sentiment Indicator (BAMSI)'. This indicator is a basket of over 4,000 stocks, measuring momentum and market sentiment. Currently the indicator is negative.

From Yahoo Ticker: 20110924 Extract

Baker notes the performance of copper, or "Dr. Copper" as it's called by market pros for the base metal's ability to predict economic action. Typically when copper is moving higher, or at least stable over $4, the economy is in at least okay shape. Copper is down over 17% in September, currently sitting somewhere in the mid-$3.00's.


Another portent of ill are the Dow Transports (DJT), as evidenced by the FedEx' (FDX) horrific quarter and warning this week. "If people aren't shipping then people aren't buying," notes Baker. For Dow Transport traditionalists, weak transports mean a weak economy, which means bad things for stocks.



Here is the BAMSI to mid 2009.

BAMSI

Looks pretty good Simon Baker, but we like the better than 80% accuracy of cycles that one can find in Copper and Dow Transports.

Transports : Post July 14 2011 Trucks and trians carry the goods so we must watch the transports
Click for popup. Clear your browser cache if image is not showing.
TRAN

Copper posted 03/31/2011 Copper Ominous Forecast

Click for popup. Clear your browser cache if image is not showing.
Copper

As of today copper has falled from $62 to $42 and Dow Transports have fallen from $5600 to $4200. Mr Baker should also add Hurst cycles to his tool chest, what do you think?.

Learn more on Hurst Cycles here  'Jim Hurst method'




NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

.."Tape reading is rapid-fire horse sense...The Tape Reader aims to make deductions from each succeeding transaction -- every shift of the market kaleidoscope; to grasp a new situation, force it lightning-like through the weighing machine of the brain and to reach a decision which will be acted upon with coolness and precision"..

Richard D Wyckoff


.."If past history was all there was to the game, the richest people would be librarians"..

Warren Buffett


.."The key to making money in stocks is not to get scared out of them"

Peter Lynch


In the short run, the market is a voting machine, but in the long run it is a weighing machine.

Benjamin Graham


.."Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected"..

George Soros




         >> Print or PopOut or Pdf
         >> Go Back

We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund



Search Blog for Text:
Search Blog for Ticker Symbol:

Or 'Click Me' to search this site with Google
Debt limit 101 !
You cant stop the signal Mel.....Free Internet Forever
Do you believe me!!

Pages
1. Tips, Tricks, How Toos
2. Blog Performance Review
3. List of the best blog posts

MostRecent
US 30 yr yield, your best defence is?
Gold Cycle Update
Joke: When Hitler found out TRUMP won!
RTT browsing latest..
Richard Ney method in the stock market

Economic(80)
Jokes(23)
Market Review(79)
Ticker Review(26)
Wall Street(21)
Gann Wyckoff Hurst(96)
Alpha Search(10)
Metals and Forex(105)
Bonds(17)
Newsletter Review(1)
News(4)
Investors(103)
Cycle Masters(3)
Market Calls(19)
Testimonials(8)
Swing Trade Idea(44)
Cycle Review(36)
Winners and Losers(9)
Specials(2)
Market Strategy(52)
Day Trade Idea(1)
Mystery Trader(5)
Wyckoff 2.0(34)

201612(1)
201611(7)
201610(6)
201609(5)
201608(9)
201607(7)
201606(7)
201605(6)
201604(7)
201603(7)
201602(6)
201601(9)
201512(10)
201511(6)
201510(9)
201509(10)
201508(9)
201507(9)
201506(6)
201505(8)
201504(8)
201503(11)
201502(11)
201501(11)
201412(7)
201411(6)
201410(7)
201409(6)
201408(7)
201407(8)
201406(9)
201405(7)
201404(8)
201403(11)
201402(7)
201401(12)


 

RSS RSS

ATOM Atom

FEEDBURNER FeedBurner|Email Delivery

  Blog Links
Marker TalkMarkets
Marker PhilStockWorld
Marker SureMoneyInvestor.com
Marker FinancialSurvivalNetwork
Marker KimbleChartingSolutions.com
Marker iTulip
Marker Tip TV UK
Marker SlopeOfHope
Marker dshort.com
Marker IndexIndicators.com
Marker Safehaven.com
Marker Marketoracle.co.uk
Marker KingWorldNews.com
Marker ZeroHedge.com
Marker MaxKeiser.com
Marker Bespokeinvest.com
Marker Jugglingdynamite.com
Marker Bloomberg.com
Marker MarcFaberchannel
Marker SeasonalCharts.com
Marker McverryReport.com
Marker SmartMoneyTracker
Marker Calafia Beach Pundit
Marker BusinessInsider.com
Marker YahooTechTicker
Marker JoeFahmy
Marker ForexLive
Marker Katusa Research
Marker Tim Duy Fed Watch
Marker StreetTalkLive
Marker readtheticker tumblr
Marker readtheticker blogger
  Symbols used in blog
AAPL ABX AG AMGN AMZN AORD APPL BA BANK CRB CRM CRUDE DB DBO DIA DXY EEM F FB FCX FXA FXY GDX GILD GLD GLEN GOOG HL HSI HYG IBB INDU IWM JJC JNK MCD MCYC MMI MSFT NEM NYSE PCLN RUL RUT SBUX SLV SLW SML SOX SPY SSEC SSRI TLT TNX TRAN TYX USD USO UUP VLO WMT XAU XLF XLP XLU XLV XLY XOM YHOO


Follow readtheticker on LindedIn

Seeking Alpha Certified



Add to SocialTrade

StockTwits

Follow readtheticker on FaceBook









Home | Charts & Tutorials | Market Timing | Blog | RTT Tv | Services | Information & FAQ | Contact Us | Sign Up | Logon
Indicator Library | FAQ | Site Search | Symbols Available | Education | Advisors | General Policy | Privacy Policy | Terms Of Use | About Us
Tutorials | Charts Demo | Charts Members | Charts Secured | Calendar | World Time .
Public Disclaimer