By Matthew Kerkhoff
It's been a little while since we've looked at charts of the Industrials and Transports, so let's begin there. 2015 has brought elevated levels of volatility, but the major averages really haven't gone anywhere. At the moment both the Dow and Transports are hovering near their 50-day moving averages. So far this year the Industrials have traded within a range from 17,300 - 17,900 and we currently sit right in the middle of that range. The 200-day moving average is still rising, indicating the longer term upward trend. But the 50-day MA is now flat as the index oscillates back and forth without a clear short-term direction.
Here is a chart of the Transports, with much of the same price action on display as seen above in the Industrials. We sit right at the 50-day MA, about midway between the price range that has been traced out this year. Again, ... Log in or subscribe to continue reading.