Dow Transports Index Making All-Time Highs

From - Advisor Perspectives
January 16, 2013 - 3:01pm

Jan 16, 2013 Dominic Cimino  I recently presented an article which showcased the Russell 2000 Index trading at new all-time highs. Now the Dow Jones Transports Index is likewise flirting with new all-time highs, and might possibly negate the Dow Theory non-confirmation that has made headlines during the last year. The index is currently trading at the previous all-time high area, but a 5% pop through the old highs should solidly confirm a new high and negate the non-confirmation. That would give market bulls an extra boost of confidence.More...

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