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Thread: Dow Transports

  1. #13

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    Default Re: Dow Transports

    Big insider selling at JBHT. The $7.5M sale hasn't purchased any above mid 90's.

    Columns are: date / activity / price / shares / value of transaction / current shares in possession

    jbht2.JPG

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  3. #14

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    Default Re: Dow Transports

    Transports broke above the June highs despite near zero help from the airlines. E-commerce is likely helping as the biggest beneficiaries have been UPS, FedEx and JB Hunt, CH Robinson and Landstar.

    Transports are a leading indicator, and right now it is certainly pricing in a very rosy outlook.

    JBHT has yet to top its highs from July 20 when insiders started selling. (Previous post)

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  5. #15

    Default Re: Dow Transports

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  7. #16

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    Default Re: Dow Transports

    ^^ Very hard to see a bearish case with a chart like that. ^^

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  9. #17

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    Default Re: Dow Transports

    Transports closed the gap from mid-Feb on the weekly. Clear sailing to 11,250 area which lies around 6% higher.

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  11. #18

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    Default Re: Dow Transports

    Looking like another new high today for the transports. It's hard to be bearish when this index is making new highs.


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  13. #19

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    Default Re: Dow Transports

    Transports really falling apart lately. They were a leading indicator on the way up from March 2020 but need to find support soon. An argument can be made for a H&S pattern (wak left shoulder though) as the right shoulder takes time to play out.

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  15. #20

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    Default Re: Dow Transports

    Some bullish progress the past two weeks as the transports are trying to put in a bottom.

    tran4434.png

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  17. #21

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    Default Re: Dow Transports

    New highs thanks to the FOMO manipulation at reddit. Avis (CAR) was up 108% yesterday as put holders were forced to buy calls to hedge the massive call buying inflows from RH type traders.

    At one point Dow Transports were up nearly 15%. This is the type of behavior you see towards the end of a cycle and combined with TSLA's behavior, is something worth noting.

    tarneedf.png

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  19. #22

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    Default Re: Dow Transports

    Dow Transports holding up incredibly well during what could very well be a recession that we're in. We're actually above levels seen in the summer months of 2021 right now.

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  21. #23

    Default Re: Dow Transports

    Quote Originally Posted by Bullitt View Post
    Dow Transports holding up incredibly well during what could very well be a recession that we're in. We're actually above levels seen in the summer months of 2021 right now.
    What the Transports are saying is that we never were in a Recession, or if we were, it was just a very mild, very short one for just the first 6 months of this year, and that we're now strongly coming out of it...hence the Atlanta Fed predicting +2.5% GDP for this coming 3rd Qtr (Jul-Aug-Sep).
    https://www.atlantafed.org/cqer/research/gdpnow
    CURRENTLY 100% G (as of COB 03/18/2024) 1st March IFT

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  23. #24

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    Default Re: Dow Transports

    Transports up 5.5% already this week with strength in airline stocks is helping. Apparently there aren't enough airplanes to keep up with demand - a 180 degree turn from where we were three years ago.

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