I am posting this chart at this time for what is good reason . The neg cycles from the spiral from 9/11/2001 is nov 3 but as stated we were closed until sept 21 and that is nov13 th so WHY am I going long Reason is the IYT dropped and held my line in the sand at 209.6 and that the DOW retraced to .786 to the tick . is that good enough to take the...
The AMEX:IYT ETF, which is currently at a critical trend line support level. This pivotal juncture could very well influence the ETF's directional bias in the short to medium term. For those looking at potential entry or exit points, this may present an ideal moment to reassess your positions and investment strategies involving $IYT. Trend line support levels...
The wave structure can be counted as a wave 4 drop this would setup the last wave up from today as the setup for support is been seen today . and put call models are set and oil is setup to break from 93/95.5 back to under 84 /79 this would be supportive for the djt
This $200 range has a long history of solid support which used to once be heavy never-ending resistance. This should now be really strong support as shown today. That double bottom it created at the $197 range this afternoon should really be current Temp. support. I would expect ( not financial advice) a relief bounce from here. If and when the $200 level is lost...
ishares Trust iShares U.S. Transportation ETF AMEX:IYT I am bullish on IYT because I've identified a Bullish Harami pattern on the daily chart. Furthermore, we have several confluences on the MacD, RSI and volume indicators. -The signal is crossing up like A.I. (Allen Iverson) on the MacD indicator - The RSI indicator is pointing up -The OBV indicator is...
Transports (IYT) ETF is oversold and at support. Biggest holdings are UPS and UNP. Something to watch next week. GM is also almost oversold, might take a stab if MFI touches oversold next week. Double bottom maybe?
Not sure, but it found Log chart parallel channel support. Goodluck, earnings in about 15 sessions.
After making new highs in 2021, the transport ETF has failed to push to new highs on multiple occasions. This similar chart pattern also took place in 2008. There's an unfilled gap in the $148-152 level. That would be a logical target when/if this weakness continues. This is also a potential ominous sign for the overall markets if the 2008 playbook is repeating...
I have now moved to a net short in djt using IYT We have the etf forming a double top as the cash made a new high .This is very neg going forward FOR ALL INDEXES .USE PUTS FOR MARCH TO MID SUMMER AT THE MONEY
Bullish divergence at bottom of channel. Possible run to start on false #DeltaVariant fears? $TRAN $IYT $JETS $AAL $UAL $DAL $LUV $FDX $EXPE $BA $SPY $ES_F $VIX $DIA $DJI #Stocks #Transports 🛫
Bad news aside, IYT is what pushes the DOW to 37k. IYT got pummeled back in June losing alot of ground. Airlines and Railroads have finally found their footing, basing, and slowly climbing up this past week. IYT to 300 soon!
NSC - Ascending triangle, Rail sector news. Canadian Pacific Railway (CP) To Buy Kansas City Southern (KSU) In US$29 Bln Deal. NSC is forming an Ascending triangle on daily TF. There will only be 5 rail stocks left with a positive ROI, based on Finviz.com screener.
Got the new highs, but a false breakout? If so, should revisit $10K or lower soon $TRAN $IYT $FDX $AAL $UAL $DAL $LUV $EXPE $SPY $SPX $ES_F $VIX $DIA $DJI $YM_F #Stocks #Transports 🛫
MACD suggests a bullish breakout is underway with lots of energy to expend. The cold hard Technical analysis is right there.
IYT Transport Golden cross on Aug 21, looking for continuation. You can see the accumulation candles in the chart. The top 4 holdings are FDX, UNP, NSC and KSU, which make up over 40% of ETF. Using seasonality charts, IYT in sept is up 2.5% the past 4 years.
Death cross negated and re-crossed golden. No new highs, but that may be tested before pullback $TRAN $IYT $AAL $UAL $DAL $LUV $EXPE $FDX $SPY $DIA $DJI $YM_F #Stocks #Transports 🛫
comparing 45min chart of SPY and IYT...volume profile gives some support as to why the IYT is not recovering. there is no volume support at current prices, and holders mainly bought much higher... SPY...it is at the point of supply...failed to get above it and is now grinding in a narrow range as the volume at this level fights for supremacy...I think the...
Interesting relationship here 0.95 sixty week CC IYT = 100% Industrials (obviosuly) IWM = 16% Industrials IYT = 45% Large cap, 45% Mid cap IWM = 66% Small Cap, 15% Micro cap