Transports Continue Weak: Trending Now - Jet Blue - Lower

16 0
I was looking at the transports and I observed mostly non-trending stocks that won't make you money.
Lot's of zig-zags and short moves up and down.
Jet -Blue-is trending. The trend is DOWN.
There are many sell signals.
1. Sell Fractals in effect ( rectangle on chart).
2. Alligator jaws opened in tandem with sell Fractal . Now feeding in down-trend.
3. Chop indicator (under chart) (indicates a trend or choppy action) is below the 38.2 shaded area, indicating a trending stock , which is trending DOWN.
4. Phase energy (lower top indicator) is heading lower (two consecutive red bars and the action is BELOW the zero line).
5. Momentum (middle top indicator) is the 5/34 measure, and this is heading sideways to DOWN.
6. Prices are trading BELOW the Ichimoku Cloud .
7. Prices are trading below the thick red Ichimoku Cloud conversion line.
8. Prices are trading below the Ki jun-Sen baseline of the Ichimoku Cloud and this rolling over to the down-side.
9. The trend-line that is heading down (thick golden line just above the sinking Ichimoku Cloud ) has been going lower for two years.

I would not own these shares for a long position. I wouldn't buy the-IYT either.
According to the DOW-Theory, the transports have to confirm the-Industrials. I don't think this will happen any time soon.
Good luck to you in all your trades. Don.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out