"CHITS": Charts in the Spotlight: DuPont (DD). Market anticipates well....

I tweeted the chart below as today’s “CHITS” (Charts in the Spotlight).  

We don’t own DD, but on a pullback, it could be interesting.  

What was noteworthy about today’s after-hours disappointing announcement by the company was how well, in the weeks preceding today, the market anticipated trouble!  

Take a look at the relative price performance in the lower parts of the the chart above to see how DD performed relative to the S&P and to its sector ETF, XLB.  In both cases, significant under-performance, far more than the sector itself vs the S&P (seen in the lowest section of the chart).

Evidence of good Street analysts?  Or coincidence?  Or something more insidious, like someone knew something?  

You’ve got to wonder!

Just a thought…..

Ed

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