The weakness in the Dow Transports Index from early this year is evident on the
Daily chart below. Price has recently broken below and retested the break of its
large triangle (based on just the closes). The Utilities Index has recently broken and retested its uptrend
line from last December (based on just the closes). The Dow 30 Index is sitting just above triangle
resistance/support.
Of particular interest in the immediate term will be
the Transports Index to see if it, potentially, corrects and leads the others
down.
