Transports Are Still on a Roll

11/25/2010 12:01 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

Both the Dow Industrials and the Dow Transports made new rally highs in early November and are still holding well above their 40-week moving averages (MAs) as well as trend line support. They have retraced more than 61.8% of the decline from the 2007 highs, which is a positive sign. The Transports, however, have dramatically outpaced the Industrials and from the 2009 lows through Tuesday’s close, they were up 123%. During the same period, the Industrials were up just 70.6%.

Tom Aspray, professional trader and analyst, serves as video content editor for The views expressed here are his own.

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

Related Articles on OPTIONS