Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
While we are seeing a decent bounce and digestion in the senior indexes (the Russell 2000 still needs some work) the transports refuse to play along. For the old school Dow Theorists this remains a major fly in the ointment. As I go deeper into the subsectors airlines are relatively weak due to the run in oil, railroads are relatively strong, but trucking is the one giving the most mixed messages. UPS and FDX also are not doing much at all.
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