Dow Transports Improve

One of the complaints I've had with the current market is the lack of confirmation from the Dow transports -- while other indexes have hit record highs, the transport average has lagged. No longer



Notice the nice bull run over the last few days on increasing volume. While the average is still 1.91% below its high of late May/early June, this seeks action indicates there may be some bullish sentiment.

What we need now is one of two events. Either a continuation of the uptrend, or a slight pullback on lighter volume. Either of those developments would help allay my concerns about this market's overlall health.