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One of the more noteworthy developments in recent days has been the move in transport stocks. Despite a dip Friday, the SPDR S&P Transportation ETF (XTN) was up more than 6 percent for the week, on pace for the best week in more than a year. Now the question is whether recent the rally has more legs? Below is an update look at a trade in XTN.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges. As shown, the underlying is in a short-term bullish trend when the price bars are painted in green. The underlying is in a short-term bearish trend when the price bars are painted in red.

Chart 1.1 – SPDR S&P Transportation ETF (weekly)

Our “U.S. Market Trading Map” painted XTN bars in green (buy) – see area ‘A’ in the chart. Over the past couple of weeks, XTN had been trending lower in a short-term corrective mode as it worked off overbought conditions. The October correction found support near the 20-week moving average. Last week’s rally pushed XTN above the October high, signify…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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