YaKa
Short

Transport Index - Nowhere to go - Short

AMEX:IYT   ISHARES TRANSPORTATION AVERAGE ETF
92 1 1
Cone getting narrow.

22.63% up on the last leg
95% up since Nov 2012.

Just mechanics here suggest short.

Clearly the Transport sector has benefited from the recent crude oil             falling. This may be well priced now.

A 2 week breather seems in order then maybe (maybe only) higher.
i am following DJTA as leading index, you may be right, made first LH and did not react to NFP (btw. no one would expect drop after such numbers, so maybe that is the right time for that)
dynamics is slowing, cci shows same picture as in Apr10, Apr11

could retrace to 8950/8800, resistance 9260

below chart with index data

snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out