The Traderszone Network

Published in TZ Latest News 18 August, 2017 by The TZ Newswire Staff

Are The Transports Falling Off The Rails?

The Transportation indexes look like they are struggling here. That’s not usually a good thing.

There are three components: Railroads – $DJUSRR, Airlines – $DJUSAR, and Trucking – $DJUSTK. Starting with the railroads, this has all the making of a derailment. There is a double top on the price chart. The multi-month negative divergence on the MACD compared with price looks to match the 2015 top and the Relative Strength uptrend has been broken again.

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