JBHT is attractive on pullbacks to support if oil prices decline; current weakness is due to fuel costs, not lack of trucking activity.

So, the first one I want to discuss here is JB Hunt. And this one's kind of a little bit of an earthquake in the near term, but it's kind of very been predictable. So, JB Hunt falls 10% pre-market after they announced an earnings miss coming up.

They pre-announced their earnings are in about a month, but they pre-announced saying that they're going to miss last quarter earnings by 10 almost 10%.

And they're who did what did they blame? And you can see it right there on the image. It's fuel prices, which makes sense. They're a trucking, they're a transportation stock. They're the ones that are bringing the TVs to Costco and Walmart and Best Buy.

They are burning through money because diesel is above $6 a gallon and it's hurting their bottom line.

So again, JBHT falling pretty sharply here on the back of those earnings news or that that pre-announcement, I should say. The daily chart I do have an isolated level I will be looking to buy today right around 235 down to about 230 right here.

Look at these pivot tops and then it became support and there's a gap fill right in here. All of that should be significant support.

Now, the other positive is is that if you're like me and you think that there eventually will be a resolution with Iran and the straight reopening, then this is a temporary issue.

Yes, it's hurting earnings, but it's not it's not something where all of a sudden the economyy's fallen off a cliff, so no one is buying anything and the trucks aren't even moving.

The trucks are moving. They just are burning through cash via diesel fuel.

And so if you get a JB Hunt pullback, JBH pullback to a reasonable support level, I actually like it if you're someone who thinks that oil will eventually come in. So keep an eye on that one, guys.