Funny as I’ve been watching the trannies regularly although I haven’t covered them in a while. The Original Dow Theory states that something is rotten in the state of Denmark when the trannies are lagging the Dow & that seems to been the case lately, especially when you look at the under-performance in the sub-sectors that speak to the health (or lack-thereof) of the economy, such as trucking, airlines, railroads, & shipping.

Same of story… I’ve pretty much stopped covering the numerous economic & financial indicators that are clearly flashing warning signs that don’t mesh with the bullish economic outlook & projections shared by the vast majority of economist, pundits, & analysts right now so just trading the charts as they develop, long & short with my longer-term bearish outlook (months to years) still my most likely scenario.

I was planning on covering Bitcoin in the next video. $BTC & /BRR (futures) sell signals to come on solid breaks below their respective uptrend lines as the negative divergences (i.e.- divergent high) continues to build. 120-minute charts below.

I’d be careful trading anything is experiences huge price swing due to news of POTUS’s erratic, inconsistent, & often random policy changes. I know that one has to do with his Big- Bloated-Bill but even then, a lot can & will change on that bill between now & the Senate vote.

I’ll take a look & see if I can find any opportunities there with attractive R/R & decent chart setups & will LYK if I see anything.