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 1739 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 (296)


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...

.."Every once in a while you must go to cash, take a break, takes a vacation. Do not try to play the market all the time. It cannot be done, too tough on the emotions."..

Jesse Livermore


..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..

Bernard Baruch


..“One must search through a maze of complex and contradictory details to get to the significant facts … Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts.” The challenge for the successful speculator is “how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts.” Moreover, “if you get all the facts, your judgment can be right; if you don’t get all the facts, it can’t be right”...

Bernard Baruch


..“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria.”..

John Templeton


..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”...

Paul Samuelson




         >> 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 !
QE addiction
Do you believe me!!

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

MostRecent
Early warning on trend change
Sell in May moved to June!
Swing Trade Idea - A Bank
RTT browsing latest..
Obvious Institutional Support for Google Inc

Economic(78)
Jokes(22)
Market Review(78)
Ticker Review(26)
Wall Street(21)
Gann Wyckoff Hurst(88)
Alpha Search(10)
Metals and Forex(100)
Bonds(17)
Newsletter Review(1)
News(4)
Investors(102)
Cycle Masters(3)
Market Calls(18)
Testimonials(8)
Swing Trade Idea(42)
Cycle Review(32)
Winners and Losers(9)
Specials(2)
Market Strategy(51)
Day Trade Idea(1)
Mystery Trader(5)
Wyckoff 2.0(31)
RTT Tools(31)

201606(6)
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)
201312(9)
201311(9)
201310(13)
201309(11)


 

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 BAC BANK CRB CRM CRUDE DB DBO DD DIA DLTR DXY EEM EURUSD F FB FXA FXY GDX GILD GLD GLEN GOOG HL HSI HYG IBB INDU IWM JJC JNJ JNK MCD MCYC MMI MSFT NEM NYSE PBS PCLN RUL 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