Saia provides less-than-truckload, non-asset truckload, expedited and logistics services across the U.S. is ranked #1 in its industry by IBD While the sector ETF AMEX:XTN is down, stocks like NASDAQ:SAIA , NYSE:XPO and NASDAQ:ODFL are all near new highs The price is in its second base formation close of breaking out above $439.50 I'll leave a stop buy...
We have no new low on daily basis, no new low on weekly basis, but we could get one on monthly basis. SPY have to rally to 377,25 to prevent this. Next week. IWM and QQQ are similar. DJI has already a daily and a weekly low. XTN leads to the downside, not a good signal. Can dollar and yields hold this pace or will they turn? Maybe a bull/bear battle at the June...
Our ongoing efforts to dissect these markets and to help educated and inform traders has led us on an exploration path into the general market activities of two leading market indicators; Commodity prices and Transportation Prices. These two core elements of any regional or global economy are usually about 3~6 months ahead of the general markets. When viewing...
The market's are being influenced by a single stock. How? Well there are linkages and arbitrage opportunities between the big Indices --> SPY, DIA, QQQ What does this mean? This means that if you can make the Dow go up, you can make the S&P go up. If you can make the S&P go up, you can make the Q's go up and vice versa. Can you give me an example? Sure, the fact...
Not a whole lot else to say other than that. Transports are the brother of Small Caps in my opinion as far as leading the rest of the market. Just want to point this out because it's a canary in the coal mine and easily missed. 1 Wk % Change: SPY: -4.55% NDX: -4.92% DIA: -4.44% IWM: -5.52% (Leading) DJT: -10.14%......?
Now this week's new Trade Idea of The Week is in CH ROBINSON (CHRW). We decided to enter a bullish position in one of our watchlist stocks, CH ROBINSON. We entered this trade on the long side at $92.94 and we have already made some gains today. This is a great setup that we loved to play called a squeeze. This is where the price consolidates and then starts to...