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TradeRecon
Sep 18, 2012 2:37 AM

Dow Transports Signal Pullback Short

iShares Trust iShares U.S. Transportation ETFArca

Description

Based on Dow Theory, the Dow Transportation Index is a leading indicator of market moves for the Dow Jones Industrial Average. With both IYT and DIA running into resistance levels the odds of a minor pullback to support seem likely, especially with the out performance to the downside for our leading indicator IYT -1.54% today vs -0.24% for DIA
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