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Transports

Jun 07 2018

Transports Gain Momentum Amidst Struggling Industrials Sector; Railroads Purchased

  • Jun 7, 2018

Despite Industrials’ underperformance versus the broad equity market, the sector’s Transportation subset has been on the rise recently. In the latest round of our Group Selection (GS) Scores, four of the five Transportation groups rank Attractive, and the fifth one is rated High Neutral.

Aug 05 2017

Troubling Transports?

  • Aug 5, 2017

Does the last few weeks’ stumble in the Dow Jones Transportation Average foretell anything sinister? Not on the face of it.

Nov 05 2016

Time For A Transportation Turnaround?

  • Nov 5, 2016

We examine the recent strength in the Dow Jones Transportation Index and its underlying industries: Airlines, Railroads, Air Freight & Logistics, and Trucking.

Sep 08 2016

What Are The Transports Telling Us?

  • Sep 8, 2016

The MTI’s subset of Momentum measures entered September at a 6 1/2-year high reading of +1028, with only two of the category’s 40 inputs in bearish territory.

Jul 08 2015

A BUY Signal That Says SELL?

  • Jul 8, 2015

Last month we discussed the negative market implications of May’s “Death Cross” signals in the Dow Transports and Dow Utilities.

Jun 06 2014

“Overbought” Can Be Good Or Bad

  • Jun 6, 2014

The notion of “overbought” and “oversold” markets might be the costliest concepts ever developed by stock market technicians. The very words imply some sort of excessive condition that’s prone to naturally self-correct.

Jun 06 2014

Transports Still Leading - Market Top Not Imminent

  • Jun 6, 2014

While stock market action YTD has not been quite as “uniform,” the hallmarks of an imminent bull market top are simply not present. The bullish portents apply to intermediate term results, however, they cannot rule out any short-term setbacks (which can appear with no tip-off from breadth or leadership measures).

Mar 07 2014

Stock Market Observations

  • Mar 7, 2014

With our equity exposure high and our disciplines still tilting bullish, we’re naturally more concerned with what might go wrong than missing out on some kind of 2013 repeat.