Dow Transports Meet Our 8475 Target
Posted on: Wednesday, July 23rd, 2014
The chart below shows that the Dow Jones Transportation Index (DJTA) met our 8475 initial upside target this morning, first mentioned in our July 1st report entitled Surging Transports Support Our Outlook For Dow Industrials, to capture a 213 point, 3% advance in just about 3 weeks.
Dow Transports Since May
From that report:
“Considering the tight and stable long term positive correlation between the Dow Industrials and Dow Transports over the past 25 years, this new 8475 upside target in the Transports, situated 3% above the market, helps to confirm and corroborate the validity of our existing upside target in the Industrials.”
Surging Transports Support Our Outlook For Dow Industrials
Asbury Alert, July 1st 2014
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