Not the time to chase transportation stocks higher

The transportation stocks have led this magic rally off the mid-October lows higher. Traders in just about all time-frames must however focus on the high probability trades, and buying the transportation stocks up here on this overshooting move on a risk-adjusted basis is a weak setup. The chart tells us something very straight forward.

Watch the short video here: https://www.youtube.com/watch?v=V5DMXdEAWLo

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