Transports Index Leading the Way

By Dominic Cimino of Preferred Planning Concepts
February 27, 2013

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The Dow Jones Transportation Average Index has been a leader during the recent stock market rise. As of 11:00 AM CST this morning, the Dow Transports Index was up roughly 2.75% for the day and has negated the reversal that was placed on Monday.

Check out the chart below. Is the Transports Index foreshadowing that the S&P's reversal will be negated as well? If the Transports Index soon closes at a new all-time high, it's increasingly likely that the bear trap I proposed yesterday will be sprung (see Major Correction or Bear Trap). Keep an eye on this chart.

 

 


Dominic Cimino

Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Preferred planning concepts, LLC & Cambridge are not affiliated.


2013, Dominic Cimino of Preferred Planning Concepts, LLC (You can explore the services offered by Preferred Planning Concepts by viewing us on our website at www.ppcplanning.com) Any redistribution, reprinting, or reference to this chart or content is allowed so long as reference to the author and source is acknowledged.

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Any indices mentioned are unmanaged and cannot be invested in directly.

It must here be mentioned that technical analysis offers no guarantees of future price movements. Technical analysis represents an observation of past performance and trend, and past performance and trend are no guarantee of future performance, price or trend. The price movements within capital markets cannot be guaranteed and always remain uncertain.

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