Transportation and Shipping Stocks

Activity in this transportation modal in a shipping yard mirrors stock values

Transportation and shipping stocks are among the oldest and most watched stock sectors

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.

Market Could Face a Dow Non-Confirmation

The transports need to hold above their 50-day moving average.

Bulls Fight to Hold Rally

However, it currently looks more like a short-covering panic than a bullish reversal.

What Will it Take to Confirm a Bear Market?

While one has not yet officially been declared, I believe it's only a matter of time.

Bulls Skating on Thin Ice

A break below the Dow's October lows would seal the deal for the bears.

The Bull is Wounded, but Is It Fatal?

If a market rally fails from here, then the bear will be loosed.

Transports Strength May be Sending a Message to China

The economically sensitive Dow Jones Transportation Average held strong as Chinese stocks plummeted.

Investors Ignoring One Very Important Thing

The focus on international politics has distracted traders from the real driver of stocks.

Why This Bull Market Has 2-3 Years Left

Despite warnings that the market is overheated, we have not yet entered the overvalued phase.

Transports Don’t Paint a Pretty Picture for Rest of the Year

They are barely hanging onto a triple-bottom and face significant overhead resistance.

Are the Transports Bottoming?

The Dow Jones Transportation Average is showing preliminary signs of strength.

Trade of the Day: United Continental (UAL)

My indicators are telling me that holding some put positions is prudent. Here’s one such trade on the beaten-down airline sector.

Key to Trading the Toughest Market in Years

The tug-of-war between breakout and breakdown is wearing traders out.

Trade of the Day: United Parcel Service (UPS)

UPS is a stock I have followed for decades. Friday’s close above $102 was bullish, and a move above $104 could lead to a run at its 52-week high north of $114.

Fed’s Warning Keeping Investors Out of the Market?

Bond sellers are not likely to put their proceeds back into U.S. stocks.

Watch Support Lines in This Fickle Market

Wait for further confirmation of a decline or just another false breakdown.

My New Target for the Nasdaq

The bullish "W" formation on the chart provides a fairly reliable target of 5,200.

Choo Choo! Look for CSX Corporation to Go Full Steam Ahead!

A two-day rally in CSX Corporation (CSX) stock took place in a technically crucial juncture. Now, CSX stock finds itself in a good position.

The Cat is Just as Dead as it Was on Friday

The recovery bounce may have come as a relief, but the technical picture has not changed.

Be Alert for a Major Change in Trend

The Dow Jones Transportation Average should eventually reveal the ultimate direction of the market.