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Leading the bounce in the market today? It's the transports, IYT +0.9% as the S&P erases...

Leading the bounce in the market today? It's the transports, IYT +0.9% as the S&P erases nearly all of its early loss. A dive in the transport index last week (and a general divergence from the S&P since the big rally started in June) has the Dow Theorists in a lather.
Comments (4)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Will the strength in FDX give out or shoot higher?
    24 Sep 2012, 11:30 AM Reply Like
  • dacama1
    , contributor
    Comments (210) | Send Message
     
    Just a dead cat bounce in the trannies after their 5+% loss last week.
    24 Sep 2012, 11:34 AM Reply Like
  • Kevin Flynn, CFA
    , contributor
    Comments (576) | Send Message
     
    Today at least is just a straightforward trading bounce off the six-month support level.
    24 Sep 2012, 11:36 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Right...but the question of the day is: will it fall through that support.
    24 Sep 2012, 11:54 AM Reply Like
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