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Dow transports extend surge to keep defying Dow Theory sell signal

“CHRW, +3.72% as the index continue to defy the Dow Theory sell signal that was triggered last week” writes Reporter Editor for marketwatch.com. Since the Dow Jones Industrial Average DJIA, +1.23% had closed below its February low on March 23, the widely followed century-old Dow Theory suggests a new downtrend has begun.The Dow Jones Transportation Average DJIA, +1.23% shot up 247 points, or 2.4%, led by surges in the shares of truckers J.B. Hunt Transport Services Inc.On Monday, the Dow transports are rallying for a third-straight session, and a fourth of five sessions since the sell signal was triggered, with all 20 components in the green.
 
Source: marketwatch.com



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