However, it currently looks more like a short-covering panic than a bullish reversal. More
- Poll of the Day
Dow Jones Transportation Average (DJTA), also known as the Dow Jones Transports, is the oldest U.S. stock index still in use. Originally solely composed of railroad companies, DTJA now also includes airlines, delivery services and logistics, trucking and marine transportation stocks.
Analysts measure the Dow Jones Industrial Average (DJIA) against the DTJA to confirm the U.S. economy’s health. Some even look to transportation and shipping stocks as market forecasters.
The economically sensitive Dow Jones Transportation Average held strong as Chinese stocks plummeted. More
They are barely hanging onto a triple-bottom and face significant overhead resistance. More