TradingView
claydoctor
Apr 8, 2015 11:52 AM

IYT lower from here to ???? Short

iShares Trust iShares U.S. Transportation ETFArca

Description

Even if the transports like lower oil, the dollar relentless up turn is hurting their bottom line with their international flights, so at some point here they cancel out, and their bottom lines go lower, regardless of how low oil goes. the only winner here in really low oil is the individual consumer, and most people are just adding to their savings with the savings from oil, not spending it.
More