The Transports showing unusual strength

Last Thursday as the market topped, we discussed the importance of the transports to the overall market, the post can be found here. So seeing strength in the transports now is another piece of the puzzle that should be considered. I will point out that strength was apparent in the transports before the Fed minutes were released, but to be honest with you, I never trust that things like the minutes aren't leaked before hand.

Here I compare the DJ-20 (transports) to IYT (ETF representing the transports) for purposes of confrmaton.

 DJ-20 15 min 3C

 IYT 15 mn 3C

 DJ-20 10 min 3C

 IYT 5 min 3C

DJ-20 5 mn 3C

The strength in the transports is unusual versus what has been seen in the broader market averages.