Are Dow Transports Changing Trend?

Don’t look now but the Dow Transports are working on a short-term trend change to the upside with a ‘W’ bottom and a pop above the declining MA 50’s.Will TRAN have ended up leading the way to the mildest of market sags before bullish reversal?  Well, not until it gets through the red resistance line and then the MA 200.  If it does those things, it is going to get bullish and if Dow Theory means much (I still have my doubts) it would eventually spread out to the broad markets.  First things first…

 

tran

 

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