Google site search Follow readtheticker on LindedIn YouTube StockTwits Follow readtheticker on Twitter
Blog ReLoad |Titles List |Media Only |Media Titles List |Market News |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 4458 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
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'




Divider




NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


Support this work by buying us a hot drink by CLICKING HERE. If you would like make greater contribution, please make a donation by CLICKING HERE

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...

.."Anyone who buys or sells a stock, a bond or a commodity for profit is speculating if he employs intelligent foresight. If he does not, he is gambling."..

Richard D Wyckoff


..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..

Warren Buffet


..“Because of the extreme challenge, one must commit full attention to it.” Market speculation is “no different than trying to be a successful doctor or lawyer … you simply must devote yourself full-time to the study of your craft”...

Bernard Baruch


..."If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed."...


Mark Twain

."Buying stuff people hate, that's the business we are in, right!"..."you may need to have a longer time horizon"..."be patient"..

Mark Yusko




         >> 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 Titles:
Search Blog for Text:
Search Blog for Ticker Symbol:

Or 'Click Me' to search this site with Google
What works in the market.
Wyckoff price road map.
Which time frame works best.

Pages
1. Blog Performance Review
2. List of the best blog posts

MostRecent
Ethereum runs hot on new market liquidity
Bitcoin working through channels
The Dow is going Higher
Uranium Commodity Review
US GDP recovery

Ney(1)
Crypto Currency(29)
Central Banks(16)
Crisis Watch(9)
Wyckoff(4)
Cycles(5)
Gann(13)
Chart Review(17)
Browsing(120)
RTT TV(15)
Sector Watch(29)
RTT Tools(43)
Wyckoff 2.0(42)
Mystery Trader(6)
Market Strategy(72)
Cycle Review(74)
Swing Trade Idea(48)
Market Calls(23)
Investors(105)
News(7)
Bonds(19)
Metals and Forex(165)
Gann Wyckoff Hurst(119)
Wall Street(25)
Ticker Review(35)
Uncategorized(2)
Market Review(96)
Jokes(28)
Economic(94)

202311(1)
202310(2)
202309(3)
202308(3)
202307(2)
202306(3)
202305(3)
202304(4)
202303(2)
202302(4)
202301(3)
202212(4)
202211(3)
202210(5)
202209(3)
202208(4)
202207(4)
202206(3)
202205(5)
202204(3)
202203(3)
202202(2)
202201(4)
202112(5)
202111(4)
202110(3)
202109(5)
202108(5)
202107(8)
202106(9)
202105(7)
202104(4)
202103(7)
202102(6)
202101(8)
202012(3)
202011(5)
202010(3)
202009(4)
202008(4)
202007(4)
202006(3)
202005(5)
202004(4)
202003(10)
202002(5)
202001(5)
201912(5)
201911(5)
201910(7)
201909(5)
201908(4)
201907(5)
201906(5)
201905(7)
201904(5)
201903(8)
201902(5)
201901(6)
201812(4)
201811(5)
201810(7)
201809(4)
201808(6)
201807(5)
201806(4)


 

RSS RSS

ATOM Atom

FEEDBURNER FeedBurner|Email Delivery

  Blog Links
Marker TalkMarkets
Marker PhilStockWorld
Marker FinancialSurvivalNetwork
Marker Yardeni Research
Marker TradingEconomics
Marker dshort.com
Marker Marketoracle.co.uk
Marker Bloomberg.com
Marker McverryReport.com
Marker Calafia Beach Pundit
Marker ForexLive
Marker TurnaroundStockinvesting.com
Marker readtheticker tumblr
Marker readtheticker blogger
  Symbols used in blog
AAPL AMZN AORD AUY BB BTC COP DIA DJI DXY ETH EUR FB FXE FXY GDX GDXJ GLD GOOG HL HMY HPR HUI INDU JJC LTC MCD NCM NEM NFLX OIL PALL QQQ RGLD SLV SPY SSRM TLT TNX TRAN TYX UAN URG UTIL VIX XAU XLE XLU


Follow readtheticker on LindedIn

Seeking Alpha Certified





Contributor to...
McVerry Report


StockTwits








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 | Mobile Site | Market News | Investment Quotes | World Time .
Public Disclaimer