If anyone has a question on how the economy is doing, just look at UNP. The stock is simply on a ripping.
What sticks out at me the most (other than the consistent and rapid rise from 60-72) is the DMI. It indicates a massive inflow to the name.
On Friday, the CEO indicated better-than-expected container growth, and a part of this inflow maybe due to the limited areas funds can now invest in a western rail road. (BNI being the other one, but got bought out by Buffett.)
If I was bearish on the economy, this chart would really make me re-evaluate my thesis.
Its too overbought for me to play it now, but am looking for an entry point.
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