The Charts Warn Something is Very Wrong in This Sector : CHRW, CNW

It is hard to write a bearish stock review when the Dow Jones Industrial Average is having one of its best two-week rallies. But that is where the data takes me when we look at the trucking sector.
The Dow Jones U.S. Trucking Index has outperformed all year, but on a day when the Dow industrials soared over 200 points, up 1.3%, the trucking index was down about 2%. Something has changed here, and it looks to be time for investors to sell these stocks.
Let's start with a trucker with a chart that mirrors that of the sector as a whole, CH Robinson Worldwide (NASDAQ: CHRW).

We can see a nice rally with a gently corrective decline. When the market as a whole bottomed out in mid-October, CHRW went on a tear higher. (more)

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