Union Pacific continues to be a poster child for the QE market, even with QE tapered now.
On the monthly chart, note the largest rail basically reverse crashing to the upside. More than anything else, it is a sight to behold. But it also indicates the rail is basically pricing in a global economic boom in the coming months, which is quite interesting in and of itself.
I am stuck in a few positions, debating cutting them and wiping the slate clean this morning.
Keep an eye on laggards like NILE for a squeeze higher if the market continues to melt-up.
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