Transports S and P 500 ratio, No new highs in more than 4 months

http://rajveersmarketviews.blogspot.in/2015/04/transports-s-and-p-500-

ratio-no-new.html

For a healthy advance in the market according to dow theory the transports ought to be making or

conforming new highs in the broader market. Taking a look at the transports S and P 500 ratio, there has

been significant underperformance of the transports of late, with no new highs in the transports and

consequently the transports s and p 500 ratio since the December of last year. A major bearish

divergence. Chart courtesy StockCharts.com.