GM seems to be the lead story, yet other areas of the Transportation industry continue to reflect relative strength.  Trucking and Railroads have broken above their April highs, while the 500 index is finding the April highs as resistance.

 

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In the past, Transportations breaking out to new highs, wasn’t a bad sign for the economy….

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past