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September 16 2009 – Industrials playing catch-up

Thu, Sep 17, 2009

US Commentary

The concerns of a weak September based on seasonals seems to have been lost in the bull hype. Yet again we’re seeing evidence of a bad news event being shrugged off by the market, something that it has been doing for some time. The Transports had a quiet night compared to the Industrials, although we are now playing catchup. We can’t argue with the trend. We can only go with the flow and manage what ever the market throws our way down the track.

About the Author:

Nick Radge has over 25 years’ experience in the financial markets. He is Head of Research & Trading at The Chartist, manages money using active management strategies and consults to various financial planning, stock broking and accountancy firms. He can be found on Facebook, Google + and on Twitter.

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