Very clever Stuart :)
So here is Union Pacific (UNP), the heaviest weighted stock on the Tranny (10.5%), and not hard to see why the index has been struggling. There is a downtrend in progress however the swing highs breaching the prior swing lows so although it looks ugly, while it sits above 25% - 37.5% the move up from October low remain strong.
CH Robinson Worldwide (CHRW), which stated the August waterfall last year, and United Parcel Service (UPS) together with UNP and FDX make up about 37% of the index. If the 4 start moving down together, it won't matter what the rest are doing imho. UPS looks strong CHRW looks stable. Perhaps the keys here are first will UNP find support this week and will FDX spend a few weeks at this level before a test of the recent high. It is like trying to figure out the matrix.
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