Transports-Vulnerable to large decline

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This chart looks at the Dow Jones Transportation Index over the past 25-years on a monthly basis.

The trend for Transports is up and nothing of late has changed the long-term trend.

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Transports are testing 3-year rising support at (1) with momentum at levels heights only seen three other times in the past quarter-century. When momentum was this high in the past, Transports struggled for a while going forward.

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Joe Friday Just The Facts- Transports could see selling pressure increase if support breaks at (1)!

 

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