2pm update - hyper bullish Transports

With Oil prices remaining broadly weak - not least ahead of the Thursday OPEC meeting, the transportation index is showing notable strength, now higher by 19.8% across just 30 trading days. Incredible gains... but with much higher levels still to come.


Trans, daily

Summary

So... the Tranny is now in the 9200s.. and 10k is just another 8% or so higher.

Trans 10k will surely equate to R2K >1212.. .and thus.. is an extremely bullish sign.

If sp'2200s by the early spring, then a straight hyper-run to 3k... very probable.

*ohh, and I realise that is what some of you do not want to hear, but I ain't painting a bearish scenario just to please those with a closed mind.
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Notable weakness, Oil, -1.9%...

USO,weekly

If Oil to the low $60s, then USO to 22 or so.. by the spring.
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stay awake... if you can :)