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.
Comments
look4edge
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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
dynamics is slowing, cci shows same picture as in Apr10, Apr11
could retrace to 8950/8800, resistance 9260
below chart with index data