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Transports

Discounted GrowthRev Growth YoY and FWD are 50 and 23% respectively and 307 and 167% above the sector respectively while PE GAAP TTM and FWD are 71 and 65% below sector! This implies a huge discount in growth. Gross Profit does lag behind the sector by about 12%, but the valuation combined with the outsized growth substantially off-sets this disparity. On a technical note, there is an intermediary "W" pattern. Confirmation of this pattern would be realized once the SP closes above the midpoint peak of @25.75 along w/ substantial volume, 3 day rule, etc. Pattern and targets are also correlated with Fibonacci retracement levels and Fib Time series.
NASDAQ:AALLong
by Jrussell86
Dow Transports - Weekly Sell SignalDow Theory Sell Signal is Active. __________________________________________________________ The Primary Global Index used for Confirmation: The Baltic Dry Index has collapsed from 5829 to 1764. The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The index is a composite of three sub-indices that measure different sizes of dry bulk carriers: Capesize, which typically transport iron ore or coal cargo. Panamax, which usually carry coal or grain cargo. Supramax, with a carrying capacity. The Baltic Dry Index takes into account 23 different shipping routes carrying coal, iron ore, grains, and many other commodities. ___________________________________________________________ The Dow Jones Transportation Average is a price-weighted average of 20 transportation stocks. As a Leading Indicator, the Dow Jones Transportation Average is a Primary Indicator for the direction of the Dow Jones Industrial Average. DJT Components: Alaska Air Group, Inc. (ALK) American Airlines Group Inc. (AAL) Avis Budget Group, Inc. (CAR) C.H. Robinson Worldwide, Inc. (CHRW) CSX Corp. (CSX) Delta Air Lines, Inc. (DAL) Expeditors International of Washington, Inc. (EXPD) FedEx Corp. (FDX) J.B. Hunt Transport Services, Inc. (JBHT) JetBlue Airways Corp. (JBLU) Kansas City Southern (KSU) Kirby Corp. (KEX) Landstar System, Inc. (LSTR) Matson, Inc. (MATX) Norfolk Southern Corp. (NSC) Ryder System, Inc. (R) Southwest Airlines Co. (LUV) Union Pacific Corporation (UNP) United Airlines Holdings, Inc. (UAL) United Parcel Service (UPS)
NYSE:DMT
by HK_L61
Semicondoctuctors are the "Transports of the 21st century"Bespoke Research firm says "Prior to the digital revolution that began in the 1990s, the Dow Transports were viewed as a “leading” indicator for the broader stock market. In the digital age, there’s hardly an industry group that doesn’t rely on semiconductors in one way or another. A modern car can easily have more than 3,000 chips. We view the semiconductor group as the “Transports of the 21st century,” making the price action for semis important to monitor." I agree and will be monitoring the SMH/SPY
NASDAQ:SMHLong
by JortsTrades
Is TLT saying we are about to have a Vix explosion? I have been following many charts and patterns for quite some time. and The set up for an entire market melt down is almost too perfect right now. and I will go through the list of events that have taken place: First lets start with Gold. Gold had rallied on the back of lower yields for the better part of 2 months all to just get shot down during the FOMC meeting just a few weeks ago when the dollar shot up. (gold tends to lead the market sells offs by about 2-3 weeks) Mind you all of this has happened as yields have gone lower and lower. (totally not what you would expect from an "inflationary environment") gold respects real rates however if deflation was about to start happening, then this is the exact precursor you would expect. This is why I believe that if I am wrong about the vix explosion gold is going to be the best buy of the quarter. Then lets move to the DJT (dow jones transports) I explained this in my prior IYT analysis which can be found here: The transports just like gold and precious metals are generally the first assets to take a hit give or take about 2-3 weeks before general market correction. and that leads me to my last point. TLT, oh tlt you dirty whore you. (I am currently long tlt fyi) The set up in the line chart of tlt is identical to the pre-covid crash as you can see in this chart. But wait there's more.. Why has DXY been rallying along with TLT that does not happen very often. Some times it happens here and there But it does not happen for stretch of 2 weeks. All I am saying is stay hedged people. this is a very very risky set up.
NASDAQ:TLT
by crakehair
3
High Consolidation Pattern in XPO LogisticsXPO Logistics has calmly sat above its old highs for the last four months, and now the chart may be poised for a run. First, notice the series of higher lows since January 29. Also notice how quickly it’s rebounded from drops – similar to CSX . Second, XPO’s 21-day exponential moving average (EMA) has risen above its 50-day simple moving average (SMA). This is a potential sign of intermediate-term momentum turning more bullish. Third, the 100-day SMA has snuck up from below to provide support. In this way, it also resembles CSX. Finally, a look further back to 2018 shows a double-top around $115.50, followed by a drop of more than 50 percent. XPO has consolidated above that level for the last four months, a potential sign of old resistance becoming new support. Sector trends could also favor XPO because it provides shipping services. That places it in the Transportation industry, which has broadly outperformed the S&P 500 this year as investors look for the economy to rebound from the coronavirus pandemic. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview ​for more.
NYSE:XPOLong
by TradeStation
Is CSX Ready to Start Rolling?Railroad operator CSX has squeezed into a tight range for almost five months. Now it may be ready for a breakout. The first pattern jumping off the chart is the ascending triangle with resistance around $95. Prices just started to escape the top yesterday. Also notice how the lows on January 27, March 4 and March 19 were followed by “kicker” candlestick patterns. Those snapbacks show buyers didn’t let the stock remain down for long. Next, Bollinger Band Width has tightened during this time, creating the potential for expansion if CSX starts running. Third, prices have recently consolidated above the 8-day exponential moving average (EMA), the 21-day EMA and the 50-day simple moving average (SMA). Finally, MACD has just turned positive. In addition to those technicals, CSX is a transportation stock: the type of cyclical company that can benefit as economy recovers from the pandemic. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview ​for more.
NASDAQ:CSXLong
by TradeStation
1