Transports Positive Divergence

There are still several market internals indicators that are weak, especially regarding breadth. But one indicator that has flashed positive for a few weeks now is the Transports vs. Dow.

I have a shtick that I do each week to the point where I think I may drive a few subscribers nuts with my mental image of the typical Dow Theorist as a mature gentleman, wearing a smoking jacket and ascot, working in his well appointed office while dutiful, aproned wife Mable cooks Beef Wellington in the kitchen. The Dow Theorist theorizes about old fashioned indicators like the relative performance of the Transportation sectors and whatnot.

Well, Clark has been pleased, if not downright celebratory for a few weeks now. He wants to know if you are ready to celebrate too?

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