When the DJ Trucking Index broke support back in July of 2011, the S&P 500 declined around 15% in the following 90 days at (1) in the above chart. The Trucking index has declined 7% in less than a month, after hitting its 2011 highs.

The one month decline has the Trucking index hitting an important rising support line. Could the S&P 500 keep on trucking to lower prices if the Trucking index breaks support?  Will it be different this time if Trucking breaks down?  I doubt a breakdown in the Trucking index would be beneficial for SPY!

Stay tuned and keep a close eye on this important Transportation index!!!


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