Transportation Greenshoots:
Within the diverse industrial space are stocks that can give us a good gauge of the health of the US economy. Transportation names should be at the top of that list, as when goods are being shipped that is normally a positive sign. FDX is higher by 50% as it dangles on its rising 50-day SMA here (peer UPS has been soft with the recent labor contracts in the backdrop). Truckers like ODFL which broke above 424.44 double bottom trigger this week are attractive. SAIA and TFII lesser-known names are as well. Railroads on the other hand have been a bit weak and UNP looks like it may be buyable as it approaches a gap fill from the 7/25 session. CSX however is bear flagging. NSC did register a bullish harami Friday, and if it can break ABOVE the bear flag look out to the upside. Below is the daily chart of XPO it is now 1% from a cup base trigger and it would not be out of the question for this name to touch 100 into year-end.