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 Now Faces a More Serious Challenge

After moving through light resistance, the Dow indices are up against more significant overhead.

Don’t Chase Stocks Into Major Resistance Zones

Despite the run-up, volume and internal indicators are telling us to be cautious.

United Parcel Service, Inc. (UPS) Stock: The Time for Selling Is Soon

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.

Bulls’ Lack of Conviction is Troubling

Despite the Dow's triple-digit advance, volume is low enough to question the trend.

Trade of the Day: ATW Stock Ready to Stage a Big Turnaround?

Atwood Oceanics, Inc. flashed two buy signals ahead of what appears to be a deep "V" bottom.

Dow Transports Running Out of Gas?

The Dow Jones Transportation Average is overbought, but momentum is high.

Your Next Rally Play? The iShares Dow Jones Transport. Avg. (ETF) (IYT)

One way to play a much-needed market bounce is by looking to the most oversold part of the market. The IYT ETF is that part of the market.

Trade of the Day: United Parcel Service (UPS)

Shares of UPS have also suffered on the pullback in the Transports, with a death cross in the process of forming.

Market May be Nearing a Selling Climax

This could lead to a dramatic upside reversal, but watch volume for a clue.

Dow 500 Points From a Bear Market Signal

A close below 16,000 in the industrials is all that is needed to confirm.

Transports’ Major Support Line Must Hold

A break would virtually assure a continued non-confirmation and reversion to a bear market.

Wall Street May Get Coal in its Stocking This Year

There appears to be little hope of turning this market around before Dec. 31.

There is No Guarantee of a Breakout

Lower volume favors higher volatility and a pullback.

Trade of the Day: Expedia (EXPE)

Expedia shares have been gaining momentum for a while. The data indicates that this will continue into the future.

Market Not Done Purging Bulls

The Dow smashed through three important support points.

Transports Continue to Be a Major Headwind

A shaky technical picture has evolved in the form of declining volume and a MACD sell signal.

Could This Be a Buying Climax?

Thursday's rally was accompanied by poor earnings and a spike in volume.

Trade of the Day: iRobot (IRBT)

As earnings get into full swing, I've been watching the transports carefully.

Rally Appears Doomed to Fail Unless…

Both Dow indices need to punch through their immediate resistance zones.