Transports – MarketTells.com

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The recent weakness in transportation stocks is a short-term negative and suggests the market will trade flat-to-down heading into Monday’s close. Below is every instance since 2000 when Dow Transports closed at a 10-day low with the S&P500 at a 5-day high. Note that the S&P was nearly twice as likely to move lower over the next two days (up 7, down 13). 0.5% moves were 2-10…

SPX 5-day High, Dow Transports 10-day Low (first time in ten days)
06/10/21… SPX ??? two sessions later
01/25/21… SPX -2.7% two sessions later
04/29/19… SPX -0.7% two sessions later
03/01/19… SPX -0.5% two sessions later
01/25/18… SPX +0.5% two sessions later
11/03/17… SPX +0.1% two sessions later
10/16/17… SPX +0.1% two sessions later
07/19/17… SPX -0.1% two sessions later
10/18/16… SPX +0.1% two sessions later
07/29/16… SPX -0.8% two sessions later
04/02/13… SPX -0.7% two sessions later
02/21/12… SPX +0.1% two sessions later
02/08/12… SPX -0.5% two sessions later
12/13/06… SPX +1.0% two sessions later
09/09/05… SPX -0.8% two sessions later
06/09/05… SPX -0.0% two sessions later
02/03/04… SPX -0.7% two sessions later
03/19/02… SPX -1.4% two sessions later
01/24/01… SPX -0.7% two sessions later
08/21/00… SPX +0.4% two sessions later
06/14/00… SPX -0.4% two sessions later