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Dow Jones Transportation Average IndexDow Jones Transportation Average IndexDow Jones Transportation Average Index

Dow Jones Transportation Average Index

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DJT trade ideas

DJ Transportation almost hit the H&S targetDowt Transportation Avg is close to the target of the Head&Shoulders pattern formed on weekly chart, which is the next support also 6250/6300. I am following the DowTheory which says that the two DJ must confirm in order to have a healthy move. From my point of view Dowt Transportation Avg is leading in this case (as it did in August 2015). I am not saying that Dowi Industrial Avg will fall as Dowt Transportation Avg (almost 30% from the peak), but is a big probability for the Dowi Industrial Avg to have a big downside move.
DJ:DJT
by GlobalCapital
Dow Jones Transportation Average Hinting Of Trouble AheadWe normally don't publish equity ideas but this chart is worth noting as it directly relates to the U.S. economy. The Dow Jones Industrial Average and the Dow Jones Transportation Average are highly correlated for many reasons as you can imagine. A quick look at the chart and you will see the current divergence in that correlation. Simple said, if an economy is not producing many goods than there is less need for shipping, indicating the economy is slowing or struggling. Historically the Dow Jones Transportation Average leads the Dow Jones Industrial Average and at the very least lends confirmation to the Industrial Average.
DJ:DJTShort
by unique4x
1
DJTA Index, MDJTA made a DOUBLE TOP between April of 1998-1999 before the onset of bear market. It made another TRIPLE TOP between May of 2006-2008 before the market crashed. Both of these tops have MACD Bearish Divergence associated with it. Hence i would make a bold analysis that DJTA is making the 1st top of the current market top now. Whether current market top will be a Single/Double/Triple Top before the market goes bear, we shall wait and see. So far there isnt any conclusive MACD Bearish Divergence to talk about! The average interval between the double and triple top was about 8 years. Therefore, we are likely to see DJTA consolidate until at least summer of 2015. The uptrend line is not broken yet though my earlier DJIA analysis shown that the uptrend line had been broken. In order to see a substantial correction, DJTA has to break the uptrend line to confirm and tally with what DJIA is showing.
DJ:DJT
by jangseohee
6
DOWT, is it to much ~10000?Technical, with the bullish hidden divergence where price doesn't fall alot but MACD looks oversold, i bet that a reversal is nearing, which continues the uptrend and we have 3 consistent weeks of dip buyers making the 8600 support really strong it looks like a bull flag if it breaks UP i will presume IYT also looks the same (which will be a good long), will attach IYT as well as the DOWT 20 constituents chart below NOTE: a break down below 8600 and a weekly close below the 2009 uptrend line will not support the bullishness case
DJ:DJTLong
by jangseohee
38
DOW Transports To Retest Recent Lows(Note: DOWT is no longer in a bear market after rallying the last two weeks) 2015 was suppose to be just another year of the epic bull market created by reckless central banking policies. Some Wall Street estimates for the S&P 500 were as high as 2,300. Me? I projected a contraction to 1,810 in mid-January. Whether or not the SPX will reach my target within the next 10 weeks, or so, is uncertain; but what has been quite clear is the scaffolding holding with risk assets around the global has been crumbling for sometime. In " Is A Storm Brewing? How History is Repeating Itself ," I was clear and concise in what 2015 had in store (posted Jan. 13, 2015): I support the idea that we are on the precipitous of something disastrous. Those who constantly look at underlying factors and notice the shifts in the FX, commodity and economic data are witnessing that the latest boom cycle is on its last leg. In essence, the post was a summery of the marco trends few wrote about because everybody indulged in the feel-good of rising stock prices. The post ended quite ominously: "2015 is going to be mercurial…" On March 26, I indicated that the DOW transports looked technically weak. Price action had been consolidating early in the year, much like the SPX. The index made several lower highs, higher lows and finally broke support at 8600. Nobody was even looking at the transports as a potential catalyst to drag the broader markets lower, even though that is historically the case. For instance, Cowen Group's Head of Sales, David Seaburg, said, as late as June 25 (after the the transports already began weakening underneath consolidation), "Everyone is up in arms about the transports, but the underperformance has very little to do with a weak economy and has more to do with the structural issues within the sector." Seaburg also said that "I DEFINITELY don't see any downside (broader markets) necessarily." Almost a month-to-the-day, not only did the DOW and SPX hit their first 10 percent correction in four years, the DOW transports fell into bear market territory. Awkward. Those that live by subjectivity, die by subjectivity. The broader markets did receive a massive bounce following the largest NYSE short-interest since the Lehman Brothers collapse, but the transports has been rejected twice from 8,250, or the 23.6% Fib. retracement from the 2012-lows. It's important to note that central bank credibility is fading fast, and traders will become more wary as the year winds down. Structurally, the index looks weak as earnings have been lackluster to not good at all. EMAs are showing bullishness on the daily, as they are sloping upward. However, a close above 8,250 will be needed to garner any significant technical buying in my opinion. Price action is within a large symmetrical triangle with price support of 7,970 cutting through the middle. This key, near-term support level could determine whether the index will test triangle support, which is supported by price support of 7,790. A confirmed close below the triangle support will cause transports to retest the 2012 ascending trend line. I expect fundamentals to continue to deteriorate into 4Q, and the transports to challege 2011's trend (between 7,200 and 7,300). Conversely, a close above triangle resistance could cause a rally to 8,500. Please follow me on Twitter @Lemieux_26 Check my posts out at: bullion.directory www.investing.com www.teachingcurrencytrading.com oilpro.com
DJ:DJT
by CommoditiesTrader
6
Dow Transports - Monthly TrendPrior to 2014 there have been 3 instances of the monthly RSI closing above 80 going back to 1988, Each of the three instances have lead to a return to the trend line noted below. In November of 2014, the DOW transports recorded the 4th instance of a monthly RSI close above 80 coming in at 86. Recently the DOWT found support at previous resistance measured from the 1999 and 2008 tops. Should the DOWT go back below this support, I believe there is a high probability of retesting the long term trend line below. Depending on the timing, this would imply a long term target of 5500-6300 on DOWT.
DJ:DJTShort
by SMP99
2
Dow Transportations Can Be Looking For Support To Bounce BackOn the weekly chart of DOW Transportations index we can see that market has been trading bullish since the star of 2012. It has already made four waves up, with blue wave 4 in final stages. On the Daily chart we see that price is trading in an ending diagonal in blue wave (c) of red wave y. After the correction is completed, price may price may turn higher. When market will reach a new high with blue wave 5 we will be looking for a larger corrective retracement, probably later this year. www.ew-forecast.com
DJ:DJTLong
by ew-forecast
1
Oil breaches its resistance DOWT DOWNOil up and breaks resistance, I think its OK to come out now, the correction in oil is over (?) unless the Saudis have one more card to play yet, maybe up their sleeve, but they think maybe they have made their point to the frackers, and they have a war to fight. Transports liked lower oil, but hate higher oil, and being the market leader they are, when the bow breaks, baby will fall. FED cannot support dollar strength anymore, nothing is working. Euro wants to rise. GDP numbers poor, the illusion is becoming clear now. No rates rise in June? Forget employment and this "data dependent" talk. Inflation has no boss, no loyalty, no friends. Its ugly head will rise up when it wants to, because it is data dependent on human nature and fear and greed, and bottom lines. 1.8% minus food and oil, and when you add in those 2? we are over 2% for sure. So, as oil rises, food will rise (to transport it), transports will fall, market will correct. The question is how sharp, how much, every time is had tried to before, someone threw a mattress under it, for a soft, controlled, hit my target landing (trend support), with a hard bounce. All this time I wondered why this chart was different than 2008/09. With most players reacting similarly, but SPY/DOW/IWM etc. I am an idiot! Today it hit me... Oil linked before, oil down, markets down, credit defaults, no liquidity.... We are way less oil dependent, and we have more oil, fracking, easy money, but this time rising oil will derail GDP, and although XLE and its cousins may rise, all others will fall, just the reverse of last time. Could it be that simple? Duh. Cheap gas was nice, but it all went into savings. Low rates were nice, but it did not create jobs. New tech is nice, but it destroyed jobs. What will increase GDP, fill in the blank________________ (crickets, I hear crickets).
DJ:DJTShort
by claydoctor