InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,591.96
(
0.00%
)
US TECH 100
18,864.40
(
0.06%
)
Dow Jones
41,335.05
(
0.59%
)
Brent Oil
79.04
(
0.35%
)
Bitcoin
59,104.60
(
-0.49%
)
Post# of 784
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

ITMS

Send PM Follow Ignore
Followers 45
Posts 1637
Boards Moderated 1
Alias Born 10/13/2009

ITMS

Member Level

Re: None

Friday, 02/10/2012 11:23:32 AM

Friday, February 10, 2012 11:23:32 AM

Post# of 784
Transports Head South


This morning, the important transportation sector is declining sharply lower. The iShares Dow Jones Transportation Index (NYSEARCA:IYT) is trading down by $1.41 to $$93.40 a share. This index is followed by many institutional traders as a leading indicator. When the transports decline it is a sign of economic weakness and contraction. The opposite is true when the transports advance, it is viewed as a sign of economic expansion and growth. Traders can watch for intra-day support on the ITY around the $93.00, and $91.70 levels. ...Continue reading here: http://bit.ly/w1iKYW
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up