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Dow Jones Transportation Average Index

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DJT trade ideas

Leading indicators reversed a reversalThe reversal observed previously appears to be washed out... JNK broke down previously as expected, and exceeded target. No rebound as previously expected, but instead a further push downwards followed. MACD in bear territory. IWM , DJT and VALUG all swent further down after breaking the support that bounced off earlier. MACD crossed and deep in bear territory. Turned out suspicion was well anticipated. TIPS failed a support, went back to test but pushed further down. Bearish. TLT is still not bullish, having pushed down further. Odd. VIX spiked very hard to get a higher high, but did not close at a higher high. Indicative of bearish markets but not clear as yet. /HG Copper futures are still held in a tight range and a breakout was immediately pulled back into range. MACD is in bullish territory.
NYSE:DMT
by Auguraltrader
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
$DJT My fav market sentiment indicator.Last Friday the DJT bounced off October's gap up AVWAP and is looking to bounce off of these levels. It currently finds itself below the 20 day MA but above the VWAP mentioned before. If price is offered below last week's lows, then it's probable that it will test the 50 day MA, which could prove to be a resting area. Below the 50 MA has proved to be an area of increased demand lately, and it wouldn't be a surprise if the lows are taken out, just as it could be very probable that a rescue operation begins here and bounces up above the 20 day MA.
DJ:DJT
by Modus777
Leading Indicators point to more the obviousLeading Indicator panel update: JNK - the topping pattern continues to play out for JNK, looking for a lower low, after the last lower high. IWM - The Russell 2000 ETF failed a breakout late last year, and is about to break down of a support given the bearish weekly candle. DJ Trans - a system Sell signal, and likely downside off the Dark Cloud Cover pattern. Value Line - Similar outlook to DJ Trans, with bearish candlestick that failed to close the gap. TIPS - Totally bearish Marubozu that broke two supports, with MACD bearish. This market forerunner is not boding decisively bearish. TLT - Instead of the expected bullishness in a bearish market, we see TLT being dumped with a gap down marubozu. VIX - still low, coiling to spike perhaps? ES1! - The S&P500 futures had a Bearish Engulfing last week... indicative of a follow through downside in the weeks to come. So... the leading indicators overall are bearish, and getting more so, with the S&P500 just became indicative of some real retracement potential in motion.
NYSE:DMT
by Auguraltrader
Repeat of Covid Collapse?Bear Market? I'm just publishing this idea in case the market does drop and I can say I saw something. Maybe something will happen in the next 14-21 days (until 10/4 I think I marked on the chart) These are just thoughts, nothing to take seriously... Evergrande Not paying interest payments - Potentially cause a ripple effect due to the large amount of US companies that are invested in China causing larger damage than expect? - China pissing their pants and having the USA slip in the puddle Increasing protests over Covid Vaccines AMC MOASS GME MOASS Usual Mid September - October Bearish month TLT Bullish Pennant as well, looking to break above 152. What else am I watching? TNX - 1/23/2020 bearish candle and break down people leaving GOLD 2/13/2020 large moves up (money moving TO gold) TLT 2/13/2020 startes to move up (money moving to TLT) US10Y 2/18/2020 (started dropping) JNK - Dropped same day as SPY (covid collapse 2/20/2020) TLT/JNK chart - when this chart spikes like it did between 1/22/2020 on ward it shows big money ditching JNK to go to TLT (safe haven) DXY - Strong dollar, weak stock market Hedges? TLT Uranium (SRUUF/UUUU/URNM) Cash Or this could be a consolidation of sorts sideways.
DJ:DJTShort
by Khohezion
1
DJT on a downtrend DJT is on a downtrend since i last posted on it last month. Of not all stocks in DJT are on a downtrend but the major ones are underperforming. DJT touched on the MA100 line back in Jan 2021 and rose to ATH in May 2021. Since then it has declined around 13%. It is a lower high and low on the weekly and this indicates and confirms the downtrend unless this is broken. UPS recently gapped down 3 days ago and has been going sideways (inside bars). The transportation index is the driver of the economy and you need it to transport goods around. Perhaps the economy is slowing down a bit before moving higher. But with so many things are at ATH at the moment and very high valuations on few stocks, there could be a general corrections on the way, but might not be for a couple more months. If the supply of credit is there by the Feds, this market will hold.
DJ:DJTShort
by fredpui
Things may get uglyThe Transportation index generally is a leading indicator of the economy as you need logistics to move things around especially nowadays with online delivery. The Dow Transportation index has fallen below the support level of 15317 and on June 10 when SPX hits all time high, the Dow index dropped and closed on the bottom. This generally is a bearish sign as the DOW is better represented of the US economy. Dow composed of major stocks from all industries except Utilities and Transport. The Dow Jones index is weighted by the prices of stocks. SPX is weighted by the market value. I guess time will tell
DJ:DJTShort
by fredpui
3
Potential top in DJTWe might be close to a potential topping formation in the Dow Jones Transportation Index. I view this Index as a leading indicator for equities. Connecting the trendline from April '09 to the bottom last year, and projecting this trendline on previous tops and extending it, we have come close to the top of it right now. A potential scenario i'm eyeballing is where the DJI (Dow Jones Industrial) makes a higher high, but the DJT fails to make a higher high ( a divergence, see this chart ). There have been several in the past where we have seen market corrections shortly after.
DJ:DJT
by moreblue
DJT - Elliottwave analysis - possible correction time DJT - The transportation index seems completed impulse cycle from major bottom and should correct down. It is a sell set up with invalidation level above 12636.55 for abc down cycle. The overall correction should go down up to the level around 4th wave low near 11200 or even lower. There is always a possibility of further 5th wave extension, so if price break above 12636.60 then it may go higher. Give thumbs up if you really like the trade idea.
DJ:DJTShort
by EWFcw