The Transports ETF (NYSE:IYT) is leading the market higher, which is healthy according to Dow Theory.
FORBES: Google Catches Its Breath After Furious Run, Apple And Facebook Still Struggle
The Transports (NYSE:IYT) got back in the mix yesterday and led the charge.
Leading the way are the Transports (NYSE:IYT), Financials (NYSE:XLF), Industrials (NYSE:XLI), Homebuilders (NYSE:XHB) and the Russell 2000 (NYSE:IBM).
The action of the iShares Dow Transportation Average ( IYT) since the July highs has been negative for the overall market.
The charts of the Russell (IWM), Transports (IYT) and the Homebuilders (XHB) as each has a pattern more bearish than the SPY.
FORBES: Stay Alert For Signals Of Bearish Breakdown In Stocks
The iShares Dow Jones Transportation Average (IYT) came in to the 21-day.
The transports have been technically weaker than leading groups and if you look at the chart of the IYT, you will see the underperformance.
Chart Analysis : The chart of the iShares Dow Jones Transportations ( IYT) has been forming lower highs since early in the year (line a).
The IYT was designed to track the performance of the Dow Transports, which must rally to keep all five major equity averages on the rise.
FORBES: Dow Transports Need To Show Positive Signs To Get Bull Market Moving
Increased investor demand for put options on the fund fueled a 7.8% increase in the overall reading of options implied volatility on the IYT to 20.72%.
The iShares Dow Jones Transportation ETF ( IYT) has declined for most of the week while many of the other major averages have continued to make new highs.
Among the largest underlying components of IYT, in trading today Union Pacific Corporation ( UNP) is off about 0.8%, and Fedex Corporation ( FDX) is lower by about 0.7%.
Among the largest underlying components of IYT, in trading today Union Pacific Corporation ( UNP) is down about 1.1%, and Fedex Corporation ( FDX) is lower by about 1.2%.
Among the largest underlying components of IYT, in trading today Union Pacific Corporation ( UNP) is up about 1.2%, and FedEx Corporation ( FDX) is up by about 1.2%.
FORBES: Encouraging Trends in Transportation Sector -- FDX, UNP in Focus
Among the largest underlying components of IYT, in trading today Union Pacific Corporation ( UNP) is up about 1.8%, and FedEx Corporation ( FDX) is higher by about 1.3%.
FORBES: Transportation Stocks See Large ETF Inflows; UNP, FDX Higher
The iShares Dow Jones Transportation Index ( IYT) is up 28.3% since the November 16 low, but the Dow Jones Airlines Index ( DJUSAR) is up a whopping 57.4%.
Investors seeking to make the trading bet that the bull market for stocks continues can do so investing in the iShares Dow Jones Transportation Average Index Fund ( IYT) .
FORBES: Dow Transports Need To Show Positive Signs To Get Bull Market Moving
Among the largest underlying components of IYT, in trading today Union Pacific Corporation ( UNP) is up about 0.8%, and CH Robinson Worldwide Incorporated ( CHRW) is up by about 0.4%.
FORBES: Last Train's Leaving For Transportation ETF - All Aboard
Transports (NYSE:IYT) are in a very tight descending channel.
According to the ETF Finder at ETF Channel, GMT makes up 5.08% of the iShares Dow Jones Transportation Average Index Fund ETF (IYT) which is relatively unchanged on the day Thursday.
According to the ETF Finder at ETF Channel, UNP makes up 12.25% of the iShares Dow Jones Transportation Average Index Fund ETF ( AMEX: IYT )which is trading higher by about 0.5% on the day Friday.
As an example how the lower risk without sacrificing performance works, with a buy signal on the Transportation sector we bought the iShares Transportation ETF, symbol IYT, in December rather than a selection of individual transportation stocks.
According to the ETF Finder at ETF Channel, UPS makes up 7.76% of the iShares Dow Jones Transportation Average Index Fund ETF ( AMEX: IYT )which is trading lower by about 0.7% on the day Monday.
According to the ETF Finder at ETF Channel, NSC makes up 5.66% of the iShares Dow Jones Transportation Average Index Fund ETF ( AMEX: IYT )which is trading lower by about 0.4% on the day Wednesday.
FORBES: Norfolk Southern Crosses Above Key Moving Average Level
Among the largest underlying components of IYT, in trading today Union Pacific Corp ( NYSE: UNP) is up about 0.2%, FedEx Corp ( NYSE: FDX) is trading flat, and United Parcel Service Inc ( NYSE: UPS) is up by about 0.3%.
Among the largest underlying components of IYT, in trading today Union Pacific Corporation ( NYSE: UNP) is up about 1.2%, FedEx Corporation ( NYSE: FDX) is up about 0.8%, and Norfolk Southern Corporation ( NYSE: NSC) is higher by about 1%.
FORBES: Investors Leave Transports As Economic Concerns Persist
Among the largest underlying components of IYT, in trading today Union Pacific Corp ( NYSE: UNP) is down about 0.3%, FedEx Corp ( NYSE: FDX) is down about 0.1%, and Norfolk Southern Corp. ( NYSE: NSC) is lower by about 0.5%.
FORBES: iShares Dow Jones Transportation Average Index Fund Experiences Big Inflow
Among the largest underlying components of IYT, in trading today Union Pacific Corp ( NYSE: UNP) is down about 1.6%, FedEx Corp ( NYSE: FDX) is off about 0.3%, and Norfolk Southern Corp. ( NYSE: NSC) is lower by about 1%.
Among the largest underlying components of IYT, in trading today Kansas City Southern ( NYSE: KSU) is up about 0.1%, FedEx Corp ( NYSE: FDX) is up about 0.4%, and Norfolk Southern Corp. ( NYSE: NSC) is higher by about 1.1%.
Among the largest underlying components of IYT, in trading today FedEx Corp ( NYSE: FDX) is down about 0.1%, Kansas City Southern ( NYSE: KSU) is trading flat, and United Parcel Service Inc ( NYSE: UPS) is higher by about 0.6%.
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