ridethepig

ridethepig | Transport Breakout Alerts!

Long
AMEX:IYT   iShares Trust iShares U.S. Transportation ETF
A good time to update the technical chart in transports as we approach the key resistance. Taking these highs will unlock a major break higher and act as a leading indicator for other key sectors.

For the ST flows, I would expect a pullback first to present a fresh buying signal as the rotation into cyclicals gains more shape:




The highs are looking very soft now with QE Lite ahead, breaking out above 199.23 will be a major signals and imply that the entire sector is on its way to break all time highs...

All the best
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