Mary Anne and Pamela Aden's Comments
This week the Dow Jones Transportation Average hit a new 11 month high. This was a bullish sign and a big deal. Why?
As you know, the Dow Transportations has been lagging behind the Dow Industrials, the PTI and the other stock indexes. Following the bear market in 2015, they've mostly been bullish, surging higher, but the Transports didn't join the party. This has been bothering us and signaling caution.