Dow Jones Transports Chart - Steady As She Goes Captain

The Leader of the market or the (DOW JONES TRANSPORTS) chart is showing that since March of this year 2013 it has been in a larger upwards channel. Interestingly enough we have been bouncing off that line over the last few days however we did not breach that line, and that is telling us that the market still has some sort of strength even though there has been rumors of the fed talking about culling of the quantitative easing and liquidity pumping up of the markets.

It is obvious to me that there are head winds for the markets over the next few weeks, but that does not mean a thing as technically we have not breached the risisng support line, so until that happens there is no need to panic.

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