The transports have been flying under the radar lately, bu the chart is VERY bullish  will send out tonight on update , the combination of stochastics crossing and oversold levels , We will close most likely over the 20 ema today and this will also be a buy signal, Will cover in more detail tonight as this looks like the next move..

 

This will also be very bullish for over all markets and the followers of Dow theory will start to take notice and bring this sector into play.

 

FDX  is in the index and earning coming out tomorrow this will have a definite effect on this trade..

 

Either way longer term the transports will benefit the infrastructure package from Obama.. More workers more supplies, more trucks and deliveries..it will all trickle down