Get started
Dow Jones Transportation Average IndexDow Jones Transportation Average IndexDow Jones Transportation Average Index

Dow Jones Transportation Average Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Components

DJT trade ideas

DJT Has the Clearest Elliott Wave PatternToday 11/5/19 was a very important day for the DJT. It broke above important resistance at 11148 made on 4/24/19 labeled as (B). My 7/16/19 DJT post speculated that the DJT may have completed an Elliott wave - Horizontal Triangle. As it turned out the Triangle appears to have been still under construction. The current H - Triangle has 50% Fib relationships between wave (D)/(B) and (C)/(A). Daily Stochastic has a bullish crossover, and room to run on the upside. If this count is correct the DJT is in a post triangle trust up that could move it well above the all-time. IMPORTANT - Even if you don't trade DJT you need to watch the index because it has the clearest US stock index and can act as a road map for other indices. My next DJT post will examine the long term DJT Elliott wave pattern and upside target. Mark
DJ:DJTLong
by markrivest
1
DJT and KNX Comparison 1 Week timeframe ---Composed this for a friend--- A comparison of a large trucking company and the DOW Jones Transportation Index. Using the DOW index to look for early signs that can affect the smaller logistics components. I am bearish (negative) on Industrials. Why? At the most Macro -- President Trump does not want war, but, Congress is too divided for comprehensive infrastructure rebuilding. Also at the macro level I'm very bearish on many mainstream stocks, at both DOW and S&P500 exhibit multi-year topping pattern - and, my opinion only stay afloat with accounting tricks. other factors: Overland transportation is (to a degree) dependent on vehicle sales - and I believe sales of new cars and light trucks have topped. American consumer appears to be maxed out, and topping as well. Less need for movement of consumer purchases. Long term - some (National) moves to grow food locally - and have less of the "2000 mile salad". Trade war - less movement - more tariffs/ higher costs for non necessities. What would make me bullish?: a huge war a huge natural disaster of an entire region - necessitating a national effort to keep that region supplied. Cost cutting with new technology (no drivers?)...? not sure about this one...
DJ:DJTShort
by denjhanekt
Dow Transports are Surging UpThe Dow Jones Transportation Average (DJT) looks like it has completed a multi- month Elliott Wave Horizontal Triangle, if so it could now be in the early phase of a post triangle thrust up. A thrust is usually measured by the widest length of the triangle which in this case is wave (A) = 2986.80 points. This is added to the termination point of the triangle - the bottom of wave (E) 10260.30 + 2986.80 = 13247.10 as a possible bull market top. For confirmation,all that is needed is to exceed Primary wave "3" boxed at 11623.60 top. An alternate bull market top can be calculated by taking wave (A) length of 2986.80 x .618 = 1845.80 + 10260.30 = 12106.10 alternate bull market peak. Time target late August early September 2019. Mark
DJ:DJTLong
by markrivest
Big Market Update | WEEKLY | DJ | IWM | TLT | DJT Be aware this is a longterm idea for the whole markets. Nothing is granted in this game. Don't follow this idea blindly. This is just to keep you aware of possibilities, not to tell you what to do. For me things are lining up very well. * Don't just look at SPY and QQQ other markets doesn't look that strong right now. Alright. Four Charts. Weekly charts. From left to right: 1. DJ | Dow Jones Industrial 2. IWM | Midcaps 3. TLT | Bonds 4. DJT | Transporation index The Bonds are currently holding very well within what looks like a weekly bull flag. Stronger Bonds are usually an indicator that bigger money is flowing into .. bonds and flowing out of .. stocks. It's basically the idea to have save heaven for the bigger moneys. The bonds are currently diverging higher on the indicators, wheras the other markets are all posting something that could turn out to be head and shoulders patterns while all of them are divering lower. Just a reminder. Today is the possible brexit or not day. I don't believe they will vote FOR the harsh brexit today. I think the brexit will be postponed to a date 2 years later or similar. But still the end of today will lead to alot of confusion. Also remember that tomorrow Futures and options are expiring. // trade carefully. GL.
DJ:DJTShort
by Kehrmaschine
Dow Transportion Average Deflationary Bearish Divergence !Dow Theory principal of market analysis rests on the premise that the Industrial Average,Transportation Average, and Utility Average should all be in gear together in a confirming signal of unison about both the markets and the economy's state of health. If one index diverges from the others, and it persists for a while, it is a notable warning sign that something is amiss. Last night, Federal Express, one of the largest worldwide shippers, and key stock in the Transportation Average revealed in their earnings release that the world's economy is markedly slowing down in 2019 Is anyone paying attention to what they said ? I mean you really don't even have to read tea leaves to get it. The Dow Transportation Average made it's high in Sept 2018, prior to the Industrial Average peak and right now is giving striking bearish divergences about the health of the "real economy" in the United States Also note that the Dow Utility Average, the 2nd of the Dow Trioka Averages is also giving confirming signals of a real slowdown in the economy, and in the rise in short and long term interst rates, Sooner or later, the overall stock market here in the US will finally come to the realization that things are not quite as rosy as they seem . That includes the Dow Industrial's, S+P 500, and bubbly Nasdaq market. When they begin to sell off, investors will be looking for reasons. My own advise is that you start paying attention to what the Dow Transportation Average is telling you every day. There is a real ,and marked slowdown going on in the US economy right now. And soon, with 1rst Quarter Earnings due in April, other market leading companies will soon confirm the same news. Dow Transportation Average Chart paints a much more bearish scenario than the Industrial's ..doesn't it ? Do not ignore that divergence. Major Sell Signal Pending on Close Below DJT 10116.86 DJT Last 10277.32 THE_UNWIND 3/20/19 Mountains?New York
DJ:DJTShort
by The_Unwind
15
DJT: Batten the Hatches, Prepare to DiveI've been watching the DJT over the last couple of weeks because it's kept a very tight price pattern and has suffered from little consolidation whipsaw. It's a good leading indicator over the SPX and DJI, and showed the current broad market reversal a week before the other two. Friday's upward action is likely a short squeeze from the bears closing their positions before the weekend. Monday may have a minor rally, but the news headlines have sure read with a strong negative sentiment to me, and I anticipate a minefield of bull traps laying in wait for anyone sticking their neck out without a strong hypothesis on an individual security moving against the market. Gold stocks are back up, pot stocks seem to be heating up more as a possible source of alpha for risk takers, and this week is going to be light on earnings news until after mid-week, too. I expect this current cycle to run for at least another week or three only to see some overall bullish activity again by late March or early April. If you seek out long positions in individual equities, ensure that you have a sound hypothesis for profit or else you will find yourself recklessly running right into a bull trap.
DJ:DJTEducation
by chuckination