Transports Stalling

06/15/2009 11:50 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

The Dow Transports have been one of the weaker averages over the past week as the chart shows that the 38% retracement and declining 200-day MA have been reached but not exceeded. The first good support is in the 2980-3100 area. A close above 3460 is needed to reassert the uptrend.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STOCKS