Could Transports Be Signaling A Correction On The Horizon?

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Could Transports Be Signaling A Correction On The Horizon?

By David Spurr on August 12, 2009 | More Posts By David Spurr | Author's Website

TheDJIA is above the 1/6/09 High

Transports are not confirming

Nasdaq Composite is well above highs.

The SPX is also well above

Essentially NASDAQ looks the strongest ; Transports failure to breakout to new highs could suggest a correction on the horizon. Transports are not confirming other indexes.

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