Transports Weaker

01/20/2009 9:53 am EST


Thomas Aspray

, Professional Trader & Analyst


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.