Evening Watch List for 12/8/2016

Mish Schneider | December 8, 2016

IYT Celebrates A Big Day and Incites Panic Buying. The big news today is that the Transportation Index and its ETF (IYT) finally broke their highs set in November of 2014. This means the latest leg up in the DIA’s bull market is now confirmed according to Dow Theory. Dow Theory suggests that for a trend in the Industrial Index (INDU or DIA) to continue, the Transportation Index (represented by the ETF of IYT), should

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