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.