Transportation Index Update - August 8, 2016

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

Last week we commented that "Now is a really good time to keep 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?

Disclosure:

None.

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