New Record Highs for Dow Jones Transports and Russell 2000 a Very Positive Signal
From Profit Confidential January 28, 2013 - 11:54am
One of the biggest surprises recently has been the powerful breakout of the Dow Jones Transportation Average. It has been years since this index broke out of a trading range with such fervor. Within the index, components such as Union Pacific Corporation (NYSE/UNP), FedEx Corporation (NYSE/FDX), Alaska Air Group, Inc. (NYSE/ALK), J.B. Hunt Transport Services, Inc. (NASDAQ/JBHT) and Southwest Airlines Co. (NYSE/LUV) have all recently experienced strong price momentum on the stock market. It’s as if investor sentiment just changed on a dime.
And this is powerful; this is how stock market rallies begin—all of a sudden the world is different and institutional investors just start buying.
The Dow Jones Industrial Average is ready to test its all-time high set back in 2007 of just over 14,000. Many components of the Dow Jones Industrial Average are trading at or near their all-time highs. ...
This is the largest topic on ewallstreeter. This topic aggregates news and investment advice from over 200 different news sources. It covers all the financial markets, collectively known as Wall Street, as well as international news which affects our mark