Why Remain Unmoved About the Transports?

Sure, we got a rally Tuesday, but you have to admit it looked pretty weak. Typically after we've seen three red days in a row for the S&P 500, the fourth day is up nicely and feels quite strong. If you ask me, Tuesday felt as though we sort of eked it out.

Yet breadth was quite good. Net volume was positive for the second day in a row, the best showing it has had in two weeks. It still shows the market a little bit oversold, although this is the only metric that shows it oversold. Using the advance/decline line, it is not oversold....326 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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