The weekly chart of TrueBlue, Inc., a national provider of temporary blue-collar staffing services, has to give the macro bears some pause here. Note the strong and steady buy volume since last November. Furthermore, price can run much higher before getting close to pre-2008 levels. The stock is ripping higher today after reporting accelerating growth this morning. More workers are, indeed, being hired.
This is not a short-term stock market call. Rather, it is probably indicative that the market’s rally to multi-year highs is not entirely due to POMO, or any other theories.
See Also: Home Depot to Hire 600 in Las Vegas
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