Transports Lead The Major Equity Averages In October

Transports Lead The Major Equity Averages In October

(Photo by Spencer Platt)



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The Dow Jones Transportation Average has been setting new all-time intraday highs so far in October. The latest high is 11,997.41, which was set on October 15. The Dow Jones Industrial Average is 3.3% below its all-time intraday high of 29,568.57, set on February 12.

The S&P 500 held its semiannual pivot at 3,442.1 on October 15. I do not show a risky level at this time. This index is 2.9% below its all-time intraday high of 3,588.11 set on September 2.

The Nasdaq Composite is well above its monthly and semiannual value levels at 10,752 and 10,639 with no risky levels. Its 3.3% below its all-time intraday high of 12,074.07 set on September 2.

The Russell