Transports Get Hit Harder

By | June 24, 2015

The Dow Jones Transportation Average ($TRAN) looked like it had made a triple bottom after bouncing off recent lows and heading back up to retest April resistance. Unfortunately, the average is getting hit harder today than the broader market indexes, down nearly 2%, and looking more like it is headed back to retest this month’s lows. The positive spin is that it wants to make a quadruple bottom.

6624.TRANSchartchart

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