Dow Theory Still Bullish

Ted

FYI: One index that has done very well over the last couple of months is the Dow Jones Transportation Index. As shown below, while the Dow Jones Industrial Average has yet to make a new high, the Dow Transports index has broken out nicely. In fact, the Dow Transports index is up nearly 17% year-to-date, which is 13 percentage points more than the Dow Industrial's minimal YTD gain of 3.46%. Many investors look for the Transports to lead the way, and the fact that it has done so well is a bullish sign for the major indices like the Dow and S&P 500 in our view.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/9/17/dow-theory-still-bullish.html?printerFriendly=true

Tampabay

NOW you tell me! hindsite is 80/20

Ted

@Tampabay: Being a newcomer you were not aware that I told the MFO Discussion Board Members a few months back to buy IYT.
Regards,
Ted

M* Snapshot Of IYT: http://etfs.morningstar.com/quote?t=IYT&region=usa&culture=en-US