Finding absurdly high prices on securities these days is like shooting fish in a barrel, but one I’d like to point out in particular is the Dow Transports ETF, symbol IYT. Transportation stocks have been on an incredible tear, and as you can see from the past 5+ years, they haven’t had even a modest dip since November 2012:
However, the prospect of a potential double top is at hand (and the stop-loss level is close enough to make it a low-risk bet). The PSAR indicator is still in buy mode, but the “dot-cross” could happen any day. I’d also point out that the RSI, shown beneath, is throwing a sell signal.
