TODAYS LOW SHOULD MARK wave B low we should now see the whole market ALL sectors rally for 3 to 6 days to peak in wave C of B up then the PAIN SETS IN wave C DOWN
Bad news aside, IYT is what pushes the DOW to 37k. IYT got pummeled back in June losing alot of ground. Airlines and Railroads have finally found their footing, basing, and slowly climbing up this past week. IYT to 300 soon!
Transports tend to lead the markets. and this is a very key level. looking on a monthly time frame You can see transports just hit the top of the trendline that dates back to 2009. In the instance every time market either cooled down or sold off fairly sharply. is the parabolic move over? Transports might be the key to tell us it is. I am currently short IYT and...
Transportation ETFs with exposure to U.S. airline, railroad, and trucking companies indicates the flow of goods across the world. When this etf preforms well it signals that people are ordering packages, tourists are traveling, supermarkets are buying food, industrial companies are receiving building materials, consumers are receiving electronics and equipment,...
Transportation segment have been printing lower lows since early May as SPY still slowly going up. Typically transportation segment is leading indicator of overall economic activity. Immediate price support is on 200 MA, around $253. I’m watching closely how SPY and IYT will behave next few weeks.
just doesn't look healthy. Zero price discovery buy-everything market, f*ker is going vertical and using anything & everything as an excuse to do so. All greed & no fear. Vix tanking to a new low. Shit is getting really scary. May 21 270 put, buying another when it touches $281.21 - which could easily be in a few hours. That said, looks like it's evaluating based...
Transports haven't rallied like this since the Roaring 20's. I'm seeing some blatant money grabs going on in the IYT, names like CAR, a turd rental company reporting negative earnings and up 500% since pandemic lows, stupid chases into cruiselines, etc. The shit is not real, this economy is not that good, business travel will likely never come back pre-pandemic,...
Technical 20sma is being supportive, but it is recommended to keep your stops somewhat below the average. A close below $190 would be a bearish warning. The broad market has been taking a downturn over the past week. The Transportation industry has been consolidating, showing relative strength over the rest of the market. Fundamental While the white house...
IYT Transport Golden cross on Aug 21, looking for continuation. You can see the accumulation candles in the chart. The top 4 holdings are FDX, UNP, NSC and KSU, which make up over 40% of ETF. Using seasonality charts, IYT in sept is up 2.5% the past 4 years.
Transports whispering....The Canary In The Coal Mine. P&T get ready.
We saw on Friday the nasdaq declining while the Russell was pretty strong. I think the narrative for the next 2-3 weeks will be that financial and transportations stocks outperform tech stocks . We can see on the chart how the bottom has formed and that these stocks will now catch up. I see continuation and strength on these stocks while the nasdaq takes a pause .
Anyone that talks and doesn't bring up this chart. oo yea, im looking at this. no reason no reason.
1. Year - Outside Year to the downside, One bar Rev Strat down 2. Month - Inside month and down, Potential one bar Rev Strat down 3. Weekly - Shooter counters hammer weekly, 4. Full Time Frame Continuity to the downside. Short: 144.78 x 148.89
Interesting relationship here 0.95 sixty week CC IYT = 100% Industrials (obviosuly) IWM = 16% Industrials IYT = 45% Large cap, 45% Mid cap IWM = 66% Small Cap, 15% Micro cap
TRansports look bearish as people cancel trips due to the virus. I don;t think we've seen the bottom yet... Remember the Dow theory.....
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