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Monday, November 16, 2009

Transporting the Market Higher

 Transportation stocks put in a strong performance on Monday, with the Dow Jones Transportation Index closing at a new high for the year. Action in the group is quite bullish, and the sector is well-positioned for a new leg up. The Dow Jones Industrial Average also made a new 2009 closing high, undoubtedly giving satisfaction to Dow Theorists who look upon the two indexes both as market barometers and as confirmation signals when they travel together.

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