Dow Transports Leading

 | Oct 31, 2014 07:34AM ET

The Dow Transportation Average DJT, a leading sector within the secular bull market, has established new highs. This increases the probability that more widely-followed indices, such as the Dow 30 Industrials, S&P 500, will soon follow. While only a fool blindly chase strength as a cyclical high approaches, only a greater fool fails to recognize a growing bullish tone of this cause building phase.