1.   Cyclical stocks had another excellent day, and the Dow Jones transportation average hit a record.

2.   For the second straight session, the Dow Jones transportation average set a new high.

3.   Late last year, the Dow Jones bond average, Dow Jones utility average and Dow Jones transportation average all peaked but have since weakened.

4.   The Dow industrials and transportation averages often move in tandem and a move by one can call the turn in the other.

5.   The Dow Jones transportation average continued its slide, as airlines struggled to get back to normal service in the East following the blizzard.

6.   Airline stocks boosted the Dow transportation average.

7.   Its gain for the year-to-date is still only a fraction of what the Dow Jones industrial and transportation averages have achieved.