Source: Stockcharts.com
The Dow Jones Transportation Average is an important component of the U.S. economy, akin to our economic circulatory system. Dow Jones theory maintains that as industrial companies create products, the transports will deliver them, and thus the Dow Transportations (DJT) should confirm the trend of the Dow Jones Industrial Average (DJI). In this spring recovery, the transportations have lagged behind, but I think that is about to change.
Municipalities here and abroad are coming out of sequestration, and soon the flow of products will increase as people return to work, cargo is shipped,