Dow Transport Stocks May Be Starting to Roll

No promises here, but it appears to some stock-picking experts that the Dow Jones Transports, which has declined mightily, just may be ready to make a comeback.

Cutting through the technical jargon, the Transports are finally showing what is referred to as “relative strength” compared to the boarder market from its recently low, and may, just may be staging a bit of a rally.

Given the importance of the transport sectors as a leading indicator of economic health, some financial experts believe it is significant if the Dow Jones Transports finds a bottom soon.

The movement in transports also parallels a recent dip in the overall S&P 500, which recently tested a critical support level at around 1800.

So, hope springs eternal; and many are indeed hoping that transports continue to roll.

Category: Featured