YaKa
Short

Transport Index - Nowhere to go - Short

AMEX:IYT   ISHARES TRANSPORTATION AVERAGEETF
92 1 1
Cone getting narrow.

22.63% up on the last leg
95% up since Nov 2012.

Just mechanics here suggest short.

Clearly the Transport sector has benefited from the recent crude oil             falling. This may be well priced now.

A 2 week breather seems in order then maybe (maybe only) higher.
i am following DJTA as leading index, you may be right, made first LH and did not react to NFP (btw. no one would expect drop after such numbers, so maybe that is the right time for that)
dynamics is slowing, cci shows same picture as in Apr10, Apr11

could retrace to 8950/8800, resistance 9260

below chart with index data

snapshot
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