How Dow?

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These screenshots are a tiny bit outdated, since we’ve had a bit of selling this morning, but the Dow Industrials blasted to yet another lifetime high today, escaping their range from late last year.


More interesting, as a chart, is the Dow Transports, represented by the IYT fund. Take note of the cup and handle formation. It hasn’t broken out yet, but it’s a remarkably clean setup if it does.