Transports
Transports: Consolidating during market downturnTechnical
20sma is being supportive, but it is recommended to keep your stops somewhat below the average.
A close below $190 would be a bearish warning.
The broad market has been taking a downturn over the past week. The Transportation industry has been consolidating, showing relative strength over the rest of the market.
Fundamental
While the white house cannot get it together to pass the fiscal stimulus, transportation could be a gainer as it is likely they will spend on Infrastructure.
𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁𝘀 𝗨𝗽𝗱𝗮𝘁𝗲: $DJT Weekly. Re-cross GoldenDeath cross negated and re-crossed golden. No new highs, but that may be tested before pullback
$TRAN $IYT $AAL $UAL $DAL $LUV $EXPE $FDX $SPY $DIA $DJI $YM_F #Stocks #Transports 🛫
Stadler Rail,Soon to be a BUY, 10% Trade!FA:
Dividend Yielding stock, therefore, one that a lot of investors consider in their portfolio.
Flight travel is lower, reopening of several rail line due to the increase in demand of rail travel.
TA:
Not currently a good buy area, would be wise to set buy orders near support line or treat it as a longer play and buy in now and ride the retracement till it begins to move up.
But always remember, if a stock falls by 2%- it has to then rise by 4% of the new price for you to be at break even again- based on that judgement, watch your trade entries wisely.
PS. Not investment advice, please be responsible and trade diligently and manage risk.
-Megalodon (Rahim)
You are welcome to post your ideas or share your point of view :)
SIX:SRAIL SWB:6RL
Short $NCLH based on huge Dark Pool activityAt 9:33 AM ET on Monday June 8, a 1 million Dark Pool block hit the tape. It was a big seller.
Stock Blocks
📈 $NCLH
📊 1,082,352 😱
💵 25.01
💔 -0.51 | -2.04%
Friday June 5 had previous block as well, this is big distribution.
Stock Blocks
📈 $NCLH
📊 512,000
💵 22.10
💔 -0.21 | -0.95%
Penguinatii confirmed SPX real predictionI'm just avarage man with the average life but World bankers have against the world, behind the bosom a big recession knife...
Trucks (in chart) are symbol of transport in the past.
Peinguin is symbol of groups of interest in top of the world. He is observer and manipulation owner.
When our dreams are reached the moon because situation will be good , then big short will arrived.( symbol of human with basketball)
The world needs transportation...These are sort of my levels. Aren't you worried about crude level? I mean... Do you think this will ever recover its shape again? It's just common sense and because this world is moved by money and transportation issues mainly.
How do you imagine this future?
Thanks again!
J.B. Hunt Transport Services (JBHT) short.All description on the chart.
Please, don't forget to like and follow.
Thank you.
American Airlines AAL ready to bounce yet?I've never traded airline stocks. I like AAL here though-seeing a potential broadening formation. I might consider a small position and set a target for that unfilled gap. Longer term, airline stocks appear cheap right now although I'm not ready to turn bullish on them yet. I'm just not that familiar with them.. but this looks like it has good potential.
IYT - Transports look bearishTRansports look bearish as people cancel trips due to the virus. I don;t think we've seen the bottom yet...
Remember the Dow theory.....
𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁𝘀 𝗨𝗽𝗱𝗮𝘁𝗲: $DJT Daily. Breaking Down200dma broke as has the 2019 uptrend. Huge red flag for markets. May DCB here near 10K
SPX OVernight Top in Place? Lower before Higher; Correction Inc!Chart says all. Been shorting too soon as usual, but the 7-wave Triple combo is a rare and confusing pattern.
Overnight ES futurez tapped the intersection of long-term TL and near-term TL in this wedge; they converged at 3056.
China says they were just kidding and wont get serious with the Great Donald, such a big surprise!
Expect to fill the gaps from past weeks, get support around 295 on SPY and bulls may try again for the 9th wave.
A real Bearish Correction can start anytime; but seasonally Feb-March would be a likely scenario with trade and election worries looming.
On Wednesday 60% of trading was selling, only 40% buying to reach new ATH; RUT and DJT diverged, Transports just got killed; these are leading indicators.
Broader market is not in step with the indexes, which advance on progressively smaller volume and fewer issues with each successive bull wave.
VIX is sub-13 again and in a compressing wedge, expect a big pop in volatility very soon! Play the VIX with UVXY calls if you dare!
This is an idea and does not in any way constitute investment advice- trade at your own risk! GLTA!
FDX Ready for Long Post Earnings RecoveryFDX took a hit in Q1 2019 due to a poor earnings report. It looked like a great short going into the end of March, but a strong surge of buying pushed it through the chop zone and into the next level of support. Elevator down through here, so expect a quick surge followed by a test around 200. Target 196-200, with possibility for a strong short play on the reversal.
Dominion Energy, Inc (D)(NYSE) Buy $76.90 >>> Target $78.62Dominion Energy, Inc
Dominion Energy, Inc. produces and transports energy.
Stock - NYSE (USA)
---
Buy - $76.90
Take Profit (Sell Limit) - $78.62
Stop Loss (Sell Stop)- $75.19
------
Take Profit = +2.22%
Stop Loss = -2.22%
Transports Are Done With A Multi-decade Impulse There may be an extended 5th, but that's not looking to be the case. This is tech analysis only, no fundamentals were taken into account.
One of DJI's Confirmations Not Looking Good - DJTAs is suggested by the heading even though we're seeing a rebound of DJI's rally one of it's confirming indicators is showing weakness. For the most part we use the Dow Jones Index as loose indicator of the overall economy, when it's performing well, on it's face, we discern that the economy is humming along well. As a confirmation for the thought process we use the Dow Transports Index, among others, and discern from if the rally is real or not. The reasoning being, as an index that follows the biggest transporting companies within the economy, it's reasonable to think if transports are performing well then commerce within the economy must be doing well. So, when DJI is rallying and it's confirmed by the DJT, along with other factors, we can discern that the economy is performing well. I'll move onto the analysis, to explain how the index is tracking.
Weekly
1. Noticed that there's been high volume in the last two years of trading relative to long-term trend, 200-moving average.
2. It's been trading in a channel YTD which is confirmed by relatively accurate tracing stochastic indicator.
Daily
1. Within the YTD channel, there's an interior resistance that's quite robust. That's where we find the index, today-July 25, 2018, and as with the other reactions from that interior resistance it's retracing back to the bottom of the channel.
2. The Stochastic indicator is tracing accurately with the index, which is on tracing downwards confirming the hypothesis.
Conclusion: The Dow Jones Index has been on an upwards trend but one of the confirming indicators is showing that that might be a faux-upswing. In terms of the overall economy, we're starting to see that the market starting to be affect by the tariffs and the trade war.
Here's when I'll buy UPSI've wanted in UPS for a while but refused to chase the move higher. Now that we're getting some weakness, I'm eyeing this name for a long-term investment. I'll be a buyer on a test of the breakout level/50% retracement at $86.5. Shorter-term, I expect continued weakness, so there's no need to rush in to this one!
$IYT - Dow Transports - Short Trade Thesis:
Short Dow Transports
The name is showing price weakness as it is wedged between 8 Day and 21 Day Moving average.
I will be monitoring this to see how the trend plays out.
Confirmations:
1. Lower lows and lower highs on Day chart
2. Lower lows and lower highs on Week chart
3. Below 8 Day EMA
4. Doji indicating price indecision on Week chart
Trade:
Short $IYT
