Tag Archives: Dow Transports
Midday Missive
Risk on world. Nasd led along with Industrials and Transports. Nasd 100 Monthly ORH buy stops are @ 7982.75 We liked MSFT,JBHT,FDX early. All we said in the room after PAX Group bought was do not sell anything you don’t … Continue reading
Midday Missive
Transports and Oil are taking the market s lower JBHT..has led the reversal lower as great earnings quickly faded. JBHT has now seen almost a 8% selloff into its 200 DMA Spu..25X3…needs a 2786 print for a reversal. Not entertaining … Continue reading
Midday Missive
Transports and Financials have led early The railroads have led the Transports. Oil has not put a reversal in, possibly telegraphing topping potential. PSX..longs should use today’s low for risk management. Spu’s…I need a close over 2682 for an upside … Continue reading
CAT…GOOG…AAPL…TM
CAT…is attempting an ORH day. As long as this holds 82 on the breaks we’re looking for a test of 84.75 and then 86.30. GOOG…breaks out on the weekly charts with a close above 803. The risk on any long … Continue reading
IYT_-_iShares_DJ_Transportation_Average_Index_Daily.gif
Sustained price action and a close under 110.25 is needed for the Transports to rollover. This has been a leader for the entire rally. Watch for general market tone.
IYT…Transports
The Transport s and Financials led the up. This is a go or no go level in the Transport s. 108.08-107.66 is the bear trap level the first time down. Currency traders…it’s a Risk Off/Risk On paradigm. Act accordingly.
IYT_-_iShares_DJ_Transportation_Average_Index_Daily.gif
For all you DOW theorists, a close above 90.25 is price positive.
Dow Transports….OIL…XOM…AAPL
Enclosed are a few charts we think will prove to be important the rest of the week. IYT…Transports are near channel resistance matching the 50 day in the Spu’s Spu’s…still need to get over 1434 to run. Oil…the charts in … Continue reading