Transports – Afraid to Trade

Some Surprising Trend Day Action

Bycjrosen May 1, 2008

Perhaps unexpectedly, the market gave us a powerful trend day up today. Let’s look at it and see where it leaves us in the broader picture: I’m showing the S&P 500 ETF (SPY) here for a proxy of the intraday action. Markets usually start a trend day by gapping, but this trend day snook up…

Daily Commentary

A Look Inside the Transports

Bycjrosen May 1, 2008

As I mentioned previously, the DJ Transportation Average is outperforming the Dow Jones Industrial Average, which generally is bullish for the overall market. Let’s peek inside the average to see which components of the Transports are doing the best. Let’s break it down into the Air Freight and Railroads, and their percentage performance since the…