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Alert: Dow Transports $IYT Stall And Breakdown

iShares Trust iShares U.S. Transportation ETF (AMEX:IYT)  
inthemoney  
AMEX:IYT   iShares Trust iShares U.S. Transportation ETF
Beyond Technical Analysis Chart Patterns Trend Analysis technical analysis
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The Dow Transports (IYT) are catching the eye of pro trader today because of a significant break lower. The iShares Transportation ETF (IYT) broke below the daily 20 moving average on higher than average volume. In addition, the breakdown has taken the transports below the January 2018 pivot high. This move below is a major indicator of trouble for the overall market. Pro traders are keeping a close eye on the transports for the remainder of the day and discussing getting much more defensive. The transports are looked at as a major leading indicator for the domestic economy. A sharp drop in the transports will likely signal a coming drop in the stock market.

IYT

Gareth Soloway
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