Transporters

"Transportation is a precise business."
--Frank Martin (The Transporter)

Early in the month we highlighted the Trannies as they toed the line at TRAN 8600. Like many times past they subsequently lifted off support.

However, rather than getting their mojo on and marking new highs like the major stock indexes, The Trannies bounced relatively weakly, and recent heavy trading finds them back in that 8600ish area.

Stochastics suggest 'potential energy' available to push them lower. Should know soon...

position in SPX