The Dow Jones Transportation Average (DJT) has surged roughly 10% over the past month, leaving it less than half a percent below its all-time high set in November 2024. Under Dow Theory, that should bode well for the broader stock market. A core tenet of Dow Theory is that the DJT should confirm the stock market trend. In other words, when the Dow Jones Industrial Average (DJI) is reaching new highs, the DJT (which ships goods the DJI makes) should be hitting new highs as well. Otherwise, you wouldn't be ...