Transports Crack

 2/12/2026

Transport Index 

A laterally kept TRAN from dro[[om %, even so down 4% in one day.  The November low is around 15,500, so we have another 3,500 points to go for real confirmation but this is a great start.

Here are the two big losers

 Expeditors down 13.25%, off the lows, 

and CH Robinson down 14.59%

Already this year CH 11 for Saks, First Brands  

Today Blackrock drops $400M on a private equity loan see prior post

Tricolor CH 7 overnight, forget Plan B

EY issues a critical audit matter over Meta moving a $27 B data center off the balance sheet, the last big company to do such was Enron with its Special Purpose Enties SPE

Sudden bankruptcies, stocks drop 14% in a day and these are not crypto or MEME stocks, real companies. 

NDX

 NDX lead the way up and is now leading the way down, it is only about 1,000 points above its November low. In a flight to quality T bonds and Utility stocks rallied, this is to be expected but I think both are short term moves.