Tag Archives: Dow Transportation Index

Trannies Reclaim 200-day, KOSPI Bounces

Posted on August 29, 2017 by macromon

All the major U.S. stocks indices recovered from steep losses, and then some, after the North Korean missile test, though decliners slightly outpaced advancers on the NYSE. The Dow Transports, which led the recent bout of volatility, reclaimed its 200-day … Continue reading →

Posted in Equities, Geopolitical, Uncategorized | Tagged , , , | 2 Comments

Trannies Leading Crude Oil Higher

Posted on January 22, 2013 by macromon

We’ve posted (see here) how the Dow Jones Transportation Index can be a leading indicator for the downside direction of crude.   It makes sense as the transportation sector consumes over 70 percent of U.S.  petroleum production and imports.  See chart. … Continue reading →

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Low Volume Christmas Rampopotamus

Posted on December 22, 2011 by macromon

U.S. equities just keep marching higher on a low volume Santa Claus ramp.  Favorable technical patterns, though not confirmed by volume, keeps the dip buyers hanging in there. We spoke of the inverted head and shoulders pattern in the S&P500 … Continue reading →

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Trannie Swan Dive to Take Down Crude Oil

Posted on August 2, 2011 by macromon

The Dow Transportation Index was down almost 4 percent today and if there is any silver lining  in the current market turmoil is that Trannies usually lead crude down, which will drop gas prices.  The chart below shows the 12.2 … Continue reading →

Posted in Charts, Crude Oil, Economics, Energy | Tagged , , , | 1 Comment