The Russell 2000 and Dow Transports are Fast Approaching

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SevensReport_Chart_4.25.13

The Russell 2000 and Dow Transports are fast approaching the pre-selloff levels from last week, so a break above 6143 in the Dow Transports and 938 in the Russell 2000 would be significant.  The SXPP could rally for a while before it even gets to the downtrend, given the absurd weakness in that index, but nonetheless if the rally continues that’s worth noting.