Three Signs A Market Top Is Near
Nicholas Santiago | May 29, 2013 11:38AM ET
Since June 2012, the major stock indexes have soared sharply higher. Important stock indexes such as the Dow Jones Industrial Average, the S&P 500 and the Russell 2000 have made new all-time highs. The Dow Jones Transportation Index also climbed to all-time highs, which can be seen in the iShares Dow Jones Transportation ETF (GS ) upgraded light sweet crude to $250 a barrel. At that time, oil was traded around $145 a barrel. Oil plunged lower a few days later after the upgrade. Six months from that highly touted upgrade on oil it plunged below $40 a barrel. This is why investors should learn to use the charts and forget what the talking heads have to say.
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