A Deep Dive into the Transportation Index

A Deep Dive into the Transportation Index

Posted On December 19, 2018 4:12 pm

Earlier this week I looked at how The Dow Theory was indicating the stock market was heading into a broad bear market.  Today, I want to take a deeper dive into one sector of the Dow Jones Transportation Index (DJT), the trucking industry, to see what ails it. Or if it’s presenting a buying opportunity.

Trucks account for over 82% of most goods, from groceries to clothes to construction material and fuel are moved from businesses to consumers.

Right now, it’s sending a very mixed picture.  If one were to assess the situation solely based on the share price of various trucking firms, you’d think we’re already deep into a recession.

Trucking stocks have been under pressure in recent months, with most… 

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About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.