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 and pushing oil prices further up.  As a result, the iShares Transportation Average ETF (IYT) is in the spot light.  The ETF fell 1 percent this week, down 0.2 percent YTD.  Now the question is whether the recent selloff is a pause the refreshes or it’s a beginning of something worse?  Below is an update look at a trade in IYT.

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 – iShares Transportation Average ETF (weekly)

Our “U.S. Market Trading Map” painted IYT bars in red (sell) – see area ‘A’ in the chart.  The first dominant feature on the chart is the rising trend line starting in early 2016.  The second dominant feature of the chart is the sideways trading range between 195 and 181 since early February 2018.  The early May rally retested and respected resistance…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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