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It is Time to Watch the Transportation Index

Last week we commented that "Now is a really good time tokeep an eye on the Transportation Index along with all the Dow Theorists".

The current Dow Transport's chart is below (as of last Friday) and I don't see it up trending while many of the other indexes are making new highs.

Take a look at the chart below and ask yourself what is it trying to say?

Dow Jones Transportation Average

 

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