The Dow Jones Transport Index is consolidating. This is the second consolidation since 2016. I'm watch the individual constituents to see if there is any follow through in price. I'm watching daily. I can't imagine an un-healthy economy, while transportation stocks are moving higher.
Bonus: Don't get sucked into seeing patterns. You'll see things that simply don't exist. Just watch the price.
Cheers!
P. Franklin, Jr.
May 1st, 2017
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