Dow Jones Transportation Index

The Dow Jones Transportation Index is one of the most famous indexes. It is an average of twenty companies within the transportation sector. Many analysts and economists closely follow the Dow Jones Transportation Index as a key indicator for the strength of the American economy. If an economy is growing strongly, this would mean that many goods are transported using one or several of the companies within the Dow Jones Transportation Index.


What has been very encouraging over the last two earnings seasons is the strength we’re getting in small-cap technology companies (stock market action aside). A lot of smaller technology companies are reporting a significant improvement in revenues, and that means…

No matter how you look at this stock market, the fact of the matter is that a lot of stocks are trading right at their all-time or 52-week highs on the back of mostly flat earnings. This makes it tough…

I’ve been looking at all the earnings to date (they often aren’t a calendar quarter, but a fiscal quarter), and so far, I would say that the majority of companies are beating consensus expectations. Corporate earnings are definitely managed, but…

There is positive momentum going into fourth-quarter earnings season. The earnings results we’ve had so far from brand-name large-caps are encouraging. We can’t forget, however, that expectations and consensus estimates have come down a lot, especially because of third-quarter earnings…

On the day of the Federal Reserve’s announcement regarding targeted low interest rates and a new bond-buying program, the stock market started out strong, only to sell off by the end of the day. This has happened countless times over…

It wasn’t too long ago when the Dow Theory flashed a sell signal. To reiterate, the Dow Theory simply states that in an uptrend, or downtrend, two popular stock indices must follow each other. For example, if the Dow Jones…

One of my biggest concerns about the stock market in recent history has been the lack of confirmation from the Dow Jones Transportation Index. This index hasn’t done a thing in the last five years, and even though it has…

The Dow Jones Industrial Average has risen more than 11%. And if I had to choose one reason to explain the rise in the world’s most followed stock market index, it is this: extreme (and unprecedented) money printing by the…

On a lot of occasions, the stock market sells off on the reality of its expectations, but it hasn’t since the Federal Reserve announced a third round of quantitative easing (QE3). The main stock market indices are holding up very…

I don’t think the upcoming earnings season is going to be a bad one, but when FedEx Corporation (NYSE/FDX) says that the global economy is worsening, I pay attention. For its fiscal year, ended in May, the company lowered guidance…

Even though the Dow Jones Industrials just hit their best level since 2007, the Dow Jones Transportation Index began to appreciate with the other major indices only in the last week—and this is with buoyant oil prices. It all leads…

The stock market is on the third leg of a repeating pattern that began about three years ago. The spectacular stock market decline that began in 2008 hit a bottom in March 2009, and then promptly recovered. July 2009 saw…

While January was one of the best months for stocks, the moves in April did some stalling, which shouldn’t be a surprise given the rapid move and the reality that the rate of gains cannot be maintained without periodic market…

While January was one of the best months for stocks, the upward advance has been stalling, which shouldn’t be a surprise given the rapid move and the reality that the rate of gains cannot be maintained without periodic market adjustments.…

The Dow Theory, a reliable indicator of stock market and economic direction that has been around for almost 100 years, is flashing a warning signal. The Dow Theory looks at the relationship between the Dow Jones Industrial Average and the…