Dow Industrials And Transports Begin To Strengthen

Today, the Industrials continued the breakout higher. The Transports broke above the upper down trend line, suggesting another sign of strength. The S&P continued higher, while the NASDAQ and Russell were flat. The Transports and Industrials suggest a possible strengthening, but as that occurred, market breadth declined, up volume declined, and total volume declined. These are not signs of an impending larger degree breakout, at least not at this time.

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