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Airline underperformance has caused huge pullback in Transports

gm-  Jobless claims- 234k v 238k  .. Cont Claims 1954k v 1950k-   Mild gains in US futures to the tune of 0.25% while most European equities are up nearly 0.50% and Asia also largely higher today , outside of NKY with Japans equity index falling to new 3-mth lows .. Technically indices lie in NoMan'sLand here after bounce attempt within downtrend and tough to make much of near-term pattern until we see S&P exceed 2462 on upside as a positive, or UNDER 2430 which would drive prices down to test early week lows-  Positives in ENERGY which is slowly attempting to stabilize and try to bottom out, along with Technology which shows constructive chart patterns.. while AIRLINES and TRANSPORTS have been big laggards of late and as a leading sector, definitely a concern to see TRAN down at the lowest since mid-May-   As Jackson Hole gets underway, focus shifts to whether Yellen and crew give some timetable as to pace of Stimulus Unwinding-   Early gainers today largely within RETAIL as ANF, SIG, GES, DLTR all higher by 10% or more with addtl retail gains out of WSM, BURL-  On the downside-   CHU, HRL, SJM, TEVA-   CONF CALL today at 1pm discussing charts of Equities, Sectors, and Global macro environment-  Technical Analysis Video Webinar, 15 mins.  Today 1pm EST-    Dial-In Number (United States): (701) 801-1211, Access Code: 840-955-999