Trucking stocks look like they were going uphill and ran out of gas last week, and the brakes failed
1JBHT trade ideas
JBHT approaching resistance, looking for reversal signal200ma has been a key area of support-turned-resistance as JBHT now looks to be in a downtrend. Recent rally showing declining volume has approached this level, and %R showing overbought. Looking for a reversal candle in the next couple of sessions to short.
Comparing J.B. Hunt and DOWT, End of Quantitative Easing ?From a quick Dow Transports DOWT scan, I can't find a more parabolic point move since 1992. It's great that the transports are running the markets to new heights. This means U.S. economy is recovering faster than the Federal Reserve anticipated. However, this might mean the Federal Reserve might have to end Quantitative Easing much sooner. This could lead to the broader market taking a hit in the short run.
Will find out March 20th when the Federal Reserve speaks.
