Transports Finally Slipping

By -

I'm usually not too crazy about shorting symbol IYT (the Transports ETF), since the bid/ask spread tends to be – appropriately, I suppose – wide enough to drive a truck through. But I couldn't help myself yesterday, given the insane runup, and it's definitely showing some signs of weakness.

0130-iyt

I am gratuitously including a photo of the new Tim transportation forthcoming, after a long wait.

Share this post: