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Dow Jones Transportation Average Index

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DJT trade ideas

DJT: Batten the Hatches, Prepare to DiveI've been watching the DJT over the last couple of weeks because it's kept a very tight price pattern and has suffered from little consolidation whipsaw. It's a good leading indicator over the SPX and DJI, and showed the current broad market reversal a week before the other two. Friday's upward action is likely a short squeeze from the bears closing their positions before the weekend. Monday may have a minor rally, but the news headlines have sure read with a strong negative sentiment to me, and I anticipate a minefield of bull traps laying in wait for anyone sticking their neck out without a strong hypothesis on an individual security moving against the market. Gold stocks are back up, pot stocks seem to be heating up more as a possible source of alpha for risk takers, and this week is going to be light on earnings news until after mid-week, too. I expect this current cycle to run for at least another week or three only to see some overall bullish activity again by late March or early April. If you seek out long positions in individual equities, ensure that you have a sound hypothesis for profit or else you will find yourself recklessly running right into a bull trap.
DJ:DJTEducation
by chuckination
[DJ-T] UPTREND COMPLETED?Hello Traders! One of indicators to measure the US economy (and therefore SPX) still remains the transport index, and as shown on the chart, this indicator may have completed the upward movement (or almost). That said, in the coming weeks we will continue to monitor the support, and if it is broken, it is possible to develop an interesting bearish leg. If you think this analysis can be useful and you want to receive new updates about this idea, click on LIKE button! Thank you for support and trade with care!
DJ:DJT
by TheAnonymousBanker
3
DJT - short- Weekly RED doji (the only one from all major indexes) - Airlines are dropping from the sky in Europe and India and soon in North America (? or am i going too fast ?) - Truckers are not feeling amazing either Where rubber meets the road is the true financial struggle and THE REAL CUSTOMER SENTIMENT MATERIALIZED. Keep an eye on this stocks... airlines, (air)freight, truckers, maritime ... they do not feel great and eventually will drag everybody down in speed. Further more... if you know an airline which made your day trip unpleasant... uhm... now might be the time to pick on it :-() Enjoy. Cautiously.
DJ:DJTShort
by CodedFlow
5
Playing with dow theory; short DJI* Transports turning back toward primary trend * Industrials not following yet * Volume seems weak to me, doesn't confirm anything. Implies weakness of trend? Based on this I would conclude, despite the volume issue: * DJI correction due in a matter of a week or two amounting to a total of ~4%, following the transports down * DJT correction to continue ultimately amounting to a total of ~5% I don't have any real confidence in dow theory at the moment, just playing with the idea. Looking forward to pushing the play button on this later.
DJ:DJTShort
by isosphere
One of DJI's Confirmations Not Looking Good - DJTAs is suggested by the heading even though we're seeing a rebound of DJI's rally one of it's confirming indicators is showing weakness. For the most part we use the Dow Jones Index as loose indicator of the overall economy, when it's performing well, on it's face, we discern that the economy is humming along well. As a confirmation for the thought process we use the Dow Transports Index, among others, and discern from if the rally is real or not. The reasoning being, as an index that follows the biggest transporting companies within the economy, it's reasonable to think if transports are performing well then commerce within the economy must be doing well. So, when DJI is rallying and it's confirmed by the DJT, along with other factors, we can discern that the economy is performing well. I'll move onto the analysis, to explain how the index is tracking. Weekly 1. Noticed that there's been high volume in the last two years of trading relative to long-term trend, 200-moving average. 2. It's been trading in a channel YTD which is confirmed by relatively accurate tracing stochastic indicator. Daily 1. Within the YTD channel, there's an interior resistance that's quite robust. That's where we find the index, today-July 25, 2018, and as with the other reactions from that interior resistance it's retracing back to the bottom of the channel. 2. The Stochastic indicator is tracing accurately with the index, which is on tracing downwards confirming the hypothesis. Conclusion: The Dow Jones Index has been on an upwards trend but one of the confirming indicators is showing that that might be a faux-upswing. In terms of the overall economy, we're starting to see that the market starting to be affect by the tariffs and the trade war.
DJ:DJT
by ReadySetBudget
SPY vs. DJTIt seems that the DJT wants to take us to some lower point and maybe finish its correction. The QQQ lean higher and so the SPY. When we look closely to the SPY and the DJT we can see that we lean higher and every weakness in the market is being bought. The key point is where? the answer by looking at the chart is the 40MA (weekly). So i think that the miss correlation that we see now between the DJT and the SPY will be finish and the for the short term i think the SPY will join the DJT. The key levels to watch in the SPY are 2781-2764-2749-2725-2700-2681 - those are the square of 9 of Gann's numbers. To the upside i think 2825-2836 will be a reversal points for the market - for the short term. Watch your capital. GREEN IS GREEN!
DJ:DJT
by thestockspicker94