Thursday, July 18, 2013

Thursday afternoon

DJ-20 Daily Chart (11:10)
I keep harping on the transport theme.  It has been a very good tell.  Now it is approaching the high we saw in May.  A pause should not be a surprise.

DJ-20 5 Minute Chart
If you are watching you might find a short side trade in IYT.  I won't be playing it.