This video provides the near-term & longer-term outlook for the transportation sector including shipping & trucking as well as the outlook for FDX & UPS, both of which are components of IYT (transportation sector ETF). The video starts with an overview IYT, UPS, FDX, the railroad sector & concludes with an overview of the trucking sector & the some of the individual trucking stocks that stand out a compelling swing & trend trading opportunities. Not only do the transportation sector & many of the individual stocks within trade very well to the technicals (charts) but they also have a history of [...]
This video highlights some significant developments & divergence between the US stock market & the transportation sector. Both the near-term & intermediate-term outlook for the stock market & the transportation sector are covered in this video. The total run time for the video is 22 minutes however, you have the option to increase the playback speed up to 2x in order to decrease the duration of the video. For those wishing to skip ahead to a analysis of a particular index, sector or time frame, the following are covered in this order: Dow Jones Industrial Average (Dow 30) Dow Jones Transportation [...]
UPS (United Parcel Service) was pointed out as a potential short a few weeks ago when the FDX short trade hit its price target. UPS has clearly broken down below support today & will likely see one or both of these support levels (88.60 & 81.90) in the coming weeks/months. While one could certainly establish a partial or full short position here, my preference will be to wait for a possible backtest of the neckline before shorting UPS. If that does occur, UPS will likely be added as an official short trade idea but for now, I just wanted [...]
the following trades were stopped out last week: IMOS, BBBY, INTC, SPG, IYR/SRS, XLK, UPS, LSI. i'm still watching some of these, particularly SPG and IYR for re-entries.
here are those updated charts on IYT (transports etf) as well as UPS and FDX, it's 2nd and 3rd top-weighted holdings (last chart first, today's updated charts 2nd on each symbol). as per the last post on these 3, all three have hit their first key support areas (FDX still finding support at the bottom of it's uptrend channel). although these stocks can break either way here, and although with the un-relenting momentum of the broad markets, i am going to take the more difficult call of saying these stocks will likely break down from these support areas soon, before a [...]
earlier today, i mentioned how several key sectors have already broken down from bearish patterns while the broad market pushes onto new highs (another sign that the uptrend may be in jeopardy). i posted all three of these charts a few weeks back and a couple of them had fake-downs (false break-downs that quickly moved back above the uptrend line). however, as you can see, both the IYT and UPS have clearly broken below their patterns/up-trend lines while FDX is close, but has not yet broken down. one to watch though. targets marked on all charts.
just a quick update on some of the recently posted trades ideas. i will update some of the charts later this evening but you can enter any symbol below into the search bar towards the upper right-side of the page to view the most recent post with charts/notes on the trade or set-up listed below: [...]