Since peaking last summer, the Dow Jones Transportation Index has lagged the Dow Jones Industrials and other major market indices.
Currently sitting under downtrend resistance, the Transports are in danger of producing a non confirmation as the index is still well below the 2011 highs. Something to bear in mind, even if the markets make their way higher.
More charts found here.
Dow Jones Transportation Index chart as of August 22, 2012. Â Dow Transports price support and resistance levels with technical analysis. Dow Transports technical analysis. Transportation stocks lagging industrial stocks.Â
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