Transports Weaker

01/20/2009 9:53 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart

The Dow Jones Transports outperformed the S&P 500 for much of 2008 as the downtrend in the RS versus the S&P 500 was broken in January. Since the November lows, however, this has changed as the Transports have been weaker, up only 1% versus a 14.8% increase in the S&P 500. The RS chart appears to have topped out.

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