[isatrader]

The Dow Jones Transportation Average ($TRAN) made a Stage 2A breakout attempt today and closed near the high. And volume was good in the iShares ETF of it, ticker IYT. So a postive sign in terms of Dow Theory.

       

There was also a good uptick elsewhere in the short term moving average breadth too, with strong moves out of the lower zone in the 20 and 50 day MA breadth. So a potential swing low was put in imo. We'll see if it holds following the election result...

           

S&P 500 Percentage of Stocks above their 50 day Moving Averages chart - triple top breakout from the lower zone