Long

Dow Jones Transportation Index: Aus dem Stand auf neues ATH

Updated

Der Dow Jones Transporation Index zeigt gerade, was in Bullmärkten gängige Praxis ist: Kurseinbrüche werden in kürzester Zeit ausgeglichen.

Aktuell steigt der Dow Transport um fast 300 Punkte oder knapp 3%. Alle Einzelwerte sind im Plus. Der DJT bestätigt damit heute das neue ATH des DJIA, auch wenn allenfalls noch einige Punkte fehlen sollten.

Dow Theorie:

Stock market averages must confirm each other

In Dow's time, the US was a growing industrial power. The US had population centers but factories were scattered throughout the country. Factories had to ship their goods to market, usually by rail. Dow's first stock averages were an index of industrial (manufacturing) companies and rail companies. To Dow, a bull market in industrials could not occur unless the railway average rallied as well, usually first. According to this logic, if manufacturers' profits are rising, it follows that they are producing more. If they produce more, then they have to ship more goods to consumers. Hence, if an investor is looking for signs of health in manufacturers, he or she should look at the performance of the companies that ship their output to market, the railroads. The two averages should be moving in the same direction. When the performance of the averages diverge, it is a warning that change is in the air.
Both Barron's Magazine and the Wall Street Journal still publish the daily performance of the Dow Jones Transportation Average in chart form. The index contains major railroads, shipping companies, and air freight carriers in the US.

Quelle: en.wikipedia.org/wiki/Dow_theory

Dieses Signal fliesst in jede automatisierte technische Analyse ein. Der Chart selbst ist beeindruckend und spricht für sich. Das eingezeichnete rote Kreuz markiert die Stelle, an der sich vermutlich der DAX in diesem Moment befindet.

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DJT erreicht zum Handelsende neues ATH. Gemäss Dow Theorie ist damit das ATH des DJIA von heute bestätigt. Der Aufwärtstrend ist damit intakt und "valid".

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DAX vs. DJT:

de.tradingview.com/chart/Ura9X14l/

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DAX vs. DJT:

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Quellen:

A classic tell for the market — the Dow transportation average — is trading right above a key level cnbc.com/2017/11/20/dow-jones-transportation-average-is-trading-right-above-a-key-level.html

The Transportation Sector Just Had Its Best Day Of 2017

The widely followed Dow Jones Transportation Average Index just had its best day of 2017 and is now up nearly 11 percent year-to-date. There are several signs that this rally is not a one-day wonder.
Catalysts Ignored

Part of the issue confounding transportation stocks this year is that some components of the Dow Jones Transportation Average Index have not reacted as expected to perceived positive catalysts. For example, with oil prices low, it would have been reasonable to expect more of a boost for airline stocks.

“This sub-par activity for the transportation sector is not for lack of investor enthusiasm. In fact, Airlines have had a fairly headline-heavy year (for better or worse) including high-profile positions undertaken by notorious airline bear Warren Buffett in United Continental Holdings
UAL
, American Airlines Group Inc.
AAL
and Southwest Airlines
LUV
,” said Direxion in a note. “Couple that with continuously low crude oil prices and a presidential administration that campaigned heavily on rebuilding U.S. infrastructure, and transportation stocks should be having a record year.”

Risk-tolerant traders may want to consider playing a transportation resurgence with the Direxion Daily Transportation Bull 3X Shares (NYSE: TPOR), which debuted earlier this year as the first leveraged transportation ETF.

The Direxion Daily Transportation Bull 3X Shares is designed to deliver triple the daily returns of the Dow Jones Transportation Average. As is the case with any other leveraged ETF, TPOR is a trade, not an investment, meaning traders should use the fund over intraday time frames, not a buy and hold the product. Airlines account for nearly 19 percent of TPOR's underlying index, making the group the index's third-largest sector weight.

Quelle: Google "The Transportation Sector Just Had Its Best Day Of 2017"

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uside crash: Dow Transport

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DAX vor upside crash:

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DAX vor upside crash:

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Dow Transportation Index: Neues ATH

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DJT: Neues ATH

Gemäss Dow Theorie bestätigt der Transportation Index die aktuellen ATH^s des DJIA.

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Die US Märkte steigen, die Europäischen Aktienmärkte, insbesondere der DAX, fallen weiter zurück:

Die wahrscheinlichste Variante ist, dass der DAX einen ähnlichen Kursverlauf wie der DJT haben wird und den Rückstand von 1.400 DAX Punkten in sehr kurzer Zeit aufholen wird.

Trade closed: target reached

Trade closed @ 11.030. Net gain of 1.000 points or 10.000 pips

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