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Short

Dow Theory Observations

ISHARES TRUST TRANSPORTATION AVERAGE ETF (AMEX:IYT)  
Elixium  
AMEX:IYT   ISHARES TRUST TRANSPORTATION AVERAGE ETF
S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) IYT US30
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spx500 spy iyt us30
The moving average + indicator profile of the Dow Jones Transportation average index suggests that further downside momentum is highly probable. If Dow Theory is correct, then the other US indexes will soon follow up with downside momentum.
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