re: JBHT Chart

JB Hunt is one of the leading stocks in the trucking group. Over the last several weeks Transports, including Rails and Truckers, have been trying to carve out a bottom in the market and move higher. JBHT has been one of the leaders. As you can see on the chart it has a large gap up that occured on Jan 30th that has yet to fill. This is a sign of strength, as most gaps will fill. Instead of filling though JBHT has stayed in a narrowly defined range with in the range of the gap day. As I said, this is often the sign of a very strong stock. This can hold especially true in an uncertain market such as we are seeeing right now. Fundamentally JBHT is not the best stock out there to be sure, and this will limit my exposure to about 1/3 of my normal size (which is already reduced due to the market market phase we are in). I'll continue to watch the intraday timeframe on JBHT and see if it offers a breakout setup. These are ideal because it lets you get into a swingtrade/position trade type setup, while only taking on the risk of a daytrade. This allows you to increase size, but keep your risk relatively the same. If you have any questions or comments on any of the posts or the blog in general please feel free to ask.