Transportation Stocks Are Selling Off Without a Catalyst

[Pelican Press 0]

Transportation Stocks Are Selling Off Without a Catalyst

Once again, while semiconductors () roared to new highs, Transportation as seen through the ETF, sold off.

Retail closed marginally green after better-than-expected data.

Regional Banks () fell closer to the critical levels of support.

) had a bad day as well.

And is also back-testing critical support.

This is leaving a very bad taste in the mouths of astute investors.

However, it is also proving that stagflation, currently a grossly underused word, is becoming ever more present.

is just the latest example of a commodity making a move up in the face of geopolitics and weather.

This is with , , , , and uranium all closing green.

ETF Summary

• (SPY) 529 pivotal support
• Russell 2000 (IWM) 210.80 ATHs resistance 200 support
• Dow (DIA) From 40k to breaking the 50-DMA
• Nasdaq (QQQ) Watching 455 level
• Regional banks (KRE) Watching the range
• Semiconductors (SMH) 240 pivotal
• Transportation (IYT) distribution phase yet getting oversold
• Biotechnology (IBB) 135 now pivotal
• Retail (XRT) Confirmed with a second close above the 50-DMA
• iShares iBoxx Hi Yd Cor Bond ETF (HYG) Broke under 77-another warning sign.

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#Transportation #Stocks #Selling #Catalyst

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