InTheMoneyStock...'s  Instablog
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:
My blog:
Pro Traders Rant and Rave Blog
  • Transports Struggle Despite Higher Market 0 comments
    May 10, 2012 11:18 AM | about stocks: IYT, KSU, FDX, CEA

    One of the most important stock sectors that any trader or investor can follow is the transportation sector. Many investors will look at the transportation sector as a sign of market strength and economic expansion when the sector trades higher. On the flip side, when the transportation sector trades lower it is usually viewed as a sign of economic contraction. Today, the iShares Dow Jones Transport ETF (NYSEARCA:IYT) is trading lower by 0.09 cents to $91.96 a share. This ETF is not really down that much today, however, it is struggling to catch a bid when the Dow Jones Industrial Average is trading higher. Another way to view it, the transports should lead the markets higher and not lag them. Short term traders can watch for intra-day support around the $91.40, and $91.00 levels.

    Some leading transportation stocks that are coming under selling pressure today include FedEx Corp (NYSE:FDX), Kansas City Southern (NYSE:KSU), and China Eastern Airlines Corp. Ltd. (ADR) (NYSE:CEA). The transportation sector is a very important index for every trader and investor to follow. It is one of the ways that the market talks to us.

    Nicholas Santiago

    (click to enlarge)

    Stocks: IYT, KSU, FDX, CEA
Back To'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.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

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.