I just wanted to show you that all but one index here are in good shape. You could argue that the EFA or International Index had a hiccup in it’s new weekly breakout, but it will take more than one week to prove that. The Transportation index or $DJT is and has been shaky for a few weeks and some in the world of stocks are indicating it is because of rising fuel prices. If this works out to be true, then this would be a leading indicator that the overall stock market will slow down and more than likely rollover. What affects the Transportation sector will trickle down to Stocks eventually. So it is something we need to watch.
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