Piling Up

Your face appears again
I see the beauty there
But I see danger
Stranger beware
--Animotion

Last week we noted weakness in the banks, small cap stocks, and long term bonds--in addition to lack of broad market participation as major indexes rise--as potential 'tells' of a market turn. Let's add the Dow Transports to the list today.

After marking new highs a couple weeks back, the Trannies have rolled over, easily slicing thru the 50 day moving avg. The 200 day MA remains a coupla percent below.

Bearish indicators are piling up...

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