Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
138 Followers
3 Following
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • Transports Surge Early, Can They Be Trusted? 0 comments
    Sep 13, 2011 10:27 AM | about stocks: IYT, FDX, UPS, CSX
    This morning, the Dow Jones Transportation Average (DJT) is surging higher by over 100.00 points to 4464.20. The iShares Dow Jones Transportation Average (NYSE:IYT) is trading higher by $2.01 to $80.69 a share. Traders and investors will usually follow the transports very closely because they will often signal economic expansion and contraction. Many traders that follow Dow Theory will also watch the transports to see if they confirm the move in the Dow Jones Industrial Average. Therefore, it is safe to say that the transportation index is a leading indicator. Short term traders can watch for intra-day resistance on the IYT around the $81.25 and $82.00 levels.

    Some leading transport stocks that are rallying higher include FedEx Corp.(NYSE:FDX), United Parcel Service Inc.(NYSE:UPS), and CSX Corp.(NYSE:CSX). These leading transport stocks will often follow the action in the IYT. Recently, when the transports rally for a few days they seem to come under selling pressure again, therefore, traders should take everything on a short term basis at this time.

    Nicholas Santiago
    InTheMoneyStocks.com






    Stocks: IYT, FDX, UPS, CSX
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

  • Weak US Dollar, easy money = GOLD Higher $GLD
    Feb 21, 2012
  • For technical traders, yesterday was a buying opportunity. For the other 99%...http://bit.ly/qmvOpq
    Aug 11, 2011
  • April gold finished higher by $12.90 to close at $1,414 an ounce.
    Feb 23, 2011
More »

Latest Comments


Most Commented
Posts by Themes
stocks, $EWH $FXI $EWJ, 10 year, 200 moving average, 2012, AAPL, ADP , ADP Employment, ADP Private Jobs Report, ADR, agriculture, Agriculture, ainvesting, airlines, AKS, AMZN, Apple, ARUN, ASCA, Asia, AT T, Auto, Automotive, AXP, bailout, banks, Banks, Bernanke, BIDU, Blackberry, BLK, bonds, bounce, broadcom, BYD, case shiller 20 city index, CAT, China, china, citrix systems, CLF, coal, Coffee, commodities, commodity, construction, copper, Cotton, cotton, CPI,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.