Truckers Delight:
We are all aware of the special action in the delivery services plays like FDX and UPS, and other modes of transportation have been acting well too. Consider the rails, which had a rough day Wednesday, but overall leaders remain within close distance to all time highs. KSU could be in the process of attempting to build the right side of a cup base that was halted precisely at the very round 200 number, and it was one of the only names in the group to advance today, albeit fractionally. The airlines have been obviously under pressure, with one of the only charts in the space with a decent complexion being RYAAY. Below is the chart of a trucking general in ODFL, which like other industrials seems to be pausing, and hopefully refreshing, near the very round 200 number. Peer J is having issues with the very round par number, as it was above 100 intraday 6 consecutive days between 10/12-19, with just one CLOSE above (it now sports a bull flag formation and a finish above par carries a measured move of 10 points higher. Back to the truckers, and CHRW is another member of the field that seems to be held back stuck in rush hour traffic currently at the very round 100 figure.