Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

FAST MONEY FEATURES

PollFast Money PollsFAST MONEY POLL
Get in the post game.  Respond to our "Question of the Day" right now.




Trade SchoolTRADE SCHOOL
Grab a pencil because school is in session and the Fast Money traders are teaching class.



PodcastFM PodcastsFAST MONEY PODCASTS
Download Fast Money onto your MP3 Player.




FM WIDGETFAST MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




ShopSHOP FOR FAST MONEY MERCHANDISE
Get your game on with Fast Money gear.




Wanna See Our PhotosFAST MONEY PHOTOS!
Check out our scrapbook.  These "pix" are guaranteed winners.




SignupNewsletterNEWSLETTER
Sign up and receive a recap email every Friday after the show!





FM Mobile AlertFAST MONEY MOBILE ALERTS
Get advanced information about the next Fast Money.



Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
Text Size
Apr.24
4:03 PM ET
Friday, 24 Apr 2009
The Conundrum In This Market

There’s a real conundrum in the market and chances are you’ve missed it. Fortunately technical analyst Dan Fitzpatrick hasn’t!

He tells Fast Money that most people watching the stock market are watching the financials and tech. (And why not. They’re interesting and making lots of headlines.) But chances are you’ve probably missed what’s happening in the transports.

For the month the Dow Jones Transports has popped a whopping 16%. Take a look at the chart below.

(.TRAN)
Loading...       (%)

That's more than twice as much as the move in the Dow Jones Industrial Average over the same period.

(.DJIA)
Loading...       (%)

And Fitzpatrick says the trend presents a conundrum because transports are climbing in the face of higher oil [US@CL.1  Loading...      ()   ]. (That shouldn’t be the case, they should be trading inversely.)

“There are a lot of strange undercurrents in this market,” he says. And this is one of them.

However, patterns appear bullish to Fitzpatrick and, as a result, he thinks the transports still have room to run. “My sense is that the transports index will run higher into Kansas City Southern [KSU  Loading...      ()   ] earnings at the end of the month,” he says.

But he cautions, like everything in this market, this is a trade. When the trend breaks, the trade is done.


______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .

CNBC.com with wires

© 2009 CNBC.com

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 01:03:48 15 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:02:04 15 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:02:04 15 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:02:04 15 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters