Dow Transports Keep Trucking to Record Highs 📈 The Chart Report

After closing higher in 13 of the last 15 sessions, the Dow Jones Transportation Average pushed to new all-time highs today and is on pace for its best month in history.

Transports are also making new multi-year relative highs versus the Dow Jones Industrial Average, as momentum has shifted from the producers to the distributors.

Dow Theory is in play once again, with the Industrials still below their February highs and yet to confirm the breakout in Transports.

The Takeaway: The Dow Transports are showing notable relative strength versus the Dow Industrials, with Transports breaking out while Industrials lag below resistance. 

The Equal Weight Nasdaq made new all-time highs last week, while the Equal Weight S&P 500 has yet to confirm.

View the whole post from David Keller.

The S&P 500 has built a meaningful cushion, allowing room for consolidation without immediately threatening the broader bullish structure.

Read the full analysis from Frank Cappelleri.

The Semiconductor Index (SOX) has now closed higher for 15 consecutive sessions, only the second such streak on record.

See the entire tweet from Bluekurtic.

The correlation between the Russell 2000 and Crypto Total Market Cap Ex BTC & ETH is negative for the first time in 10 years.

View the complete post from Tony Severino.

The S&P 500 is on the cusp of new year-to-date highs relative to Gold.

Check out the full tweet from Roy Gulluoglu.

A sustained breakout above $6 in Copper should bode well for the ISM Manufacturing Production Index.

Examine the whole post from Jeff Weniger.

Oil Services stocks are making new 52-week highs relative to the Energy sector.

See the entire tweet from Sam Gatlin.

Will CPI inflation catch-up to Gasoline?

View the full post from Lawrence McDonald.

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