#Transports# have been a heavy weight on Industrials lately, & today's break of July lows takes this down to the lowest levels since May Closing at/near the lows can allow for some addiitonal near-term downside, I'll discuss this in tomorrow's Webinar along with where the best area of support lie after this recent weakness @IBDinvestors @marketsurge $DJT For those seeking daily Technical Analysis & Daily 7-10 min videos on markets, visit

Transports made some good progress this week despite the Tech wreck growing more pronounced. As discussed in last night's report, the stealth consolidation hasn't resulted in uptrends being violated for Equal-weighted SPX which made new all-time highs yesterday & still a lot of great areas of the market outside of Tech which haven't been dragged lower. Thankfully, the rotation out of Tech directly followed the steep runup, so Financial media calling this a Bear mkt in Semis is a bit laughable w/ SOX still up 65% this yr. Given that the correction in Tech has happened bit-by-bit is actually quite helpful for the broader mkt, so i'll discuss my thinking on $SPX in tonights piece and what areas are important For now, important to showcase TransportationTrucking, one of the strongest sectors right now in #IBD# universe @marketsurge @IBDinvestors Have a nice weekend All

SpaceX transports nearly 10× more satellites to orbit than the rest of the world combined. SpaceX currently delivers ~85% of all payloads to Earth orbit. Of the remaining 15%, China accounts for ~8% and the rest of the world ~7%. — Elon Musk

Introducing Vertical Cassette 7 (VC7), our latest generation of continuous conveyor which transports muck/rock from the TBM to the surface. - Height: 37 ft - Weight: ~220,000 lb - Max muck conveyance rate: 990 tons/hour (w/ 50% loaded belt) - Max supported TBM advance rate: 4 miles/week - Min Radius of Curvature: 500 ft (see 0:12 of video for a tight curve; maneuverability is critical in urban settings) - Belt speed: 660 ft/minute - Supported tunnel length: infinite (w/ "Belt Boosters" every 1.5 miles) - 650+ improvements from VC6 focusing on setup speed, reliability, and power efficiency Fun fact: for every 15 inches the machine mines, ~1 dump truck of material is generated!

Saudi Arabia's East-West oil pipeline has now become a critical route for Asian oil supply: The East-West pipeline transports Saudi crude 746 miles from the country's eastern oil fields to the Red Sea port of Yanbu, providing an export route that bypasses the Strait of Hormuz. In May, China was the largest buyer of crude shipped through Yanbu, importing ~774,000 barrels per day. This was followed by South Korea at ~645,000 barrels per day, Japan at ~452,000 barrels per day, and India at ~387,000 barrels per day. Together, these 4 countries imported ~2.26 million barrels per day, or over half of all exports through Yanbu. In total, more than 5 million barrels per day of Saudi crude now move through Yanbu, up from ~1-2 million barrels per day in February. The East-West pipeline has become a key oil export route to Asia.