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Trading Strategy – iShares Transportation Average ETF

  One of the noteworthy developments in recent days has been the move in transport stocks.  After months of speculation, Donald Trump finally withdrew from the Iran nuclear deal last week.  Iran is OPEC’s third-largest oil producer, exported about 2.5 million barrels a day. Renewed sanctions would reduce Iranian oil exports, further tightening global supplies …[read more]

Trading Strategy – iShares Transportation Average ETF

  One of the noteworthy developments in recent days has been the move in transports. The group attracted strong buying support Thursday that saw the iShares Transportation Average ETF (IYT) surged 2.03 percent to 187.03, bringing its YTD loss down to 2.4 percent, slightly underperformed the S&P.  Now the question is whether the rally has …[read more]

Trading Strategy – iShares Transportation Average ETF

  One of the more noteworthy developments in recent days has been the move in transports.  Transportation stocks were the big losers as the airlines continued recent weakness.  The iShares Transportation Average ETF (IYT) fell 1.6 percent, bringing its YTD gains to 3.6 percent, underperformed the S&P by more than 2 percent.  Now the question …[read more]

Trading Strategy – iShares Transportation Average ETF

  One of the more noteworthy developments in recent days has been the move in transport.  After a strong run of outperformance in late August 2017, the iShares Transportation Average ETF (IYT) topped out in mid-October and trended steadily lower.  The ETF fell 1.2 percent, bringing its 2017 gains down to just over 8 percent, …[read more]

Trading Strategy – iShares Transportation Average ETF

  After the late May rally that saw the Transports gains more than 11% to its July 14 highs, the sector found itself in a short-term downward trend. The iShares Transportation Average ETF (IYT) tumbled 3.1% Thursday following Credit Suisse’s negative reports on rails and defense. Now the question is whether this is a pause …[read more]

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