Until the overhead of potential sellers is overcome, the market remains neutral at best. 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.
With the Dow Jones Transportation Average failing to confirm the advance, traders should remain caution. More
UPS stock could be a prime candidate to sell or short in coming days or weeks as a confluence of resistance looms. Traders should react to bearish reversals. More