Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Transports Pulling Back Early

|Includes: iShares Transportation Average ETF (IYT)

 This morning the iShares Dow Jones Transportation ETF(NYSE:IYT) is pulling back a bit. The transports have rallied sharply higher since making a pivot low on March 15, 2011. Day traders can watch for intra-day support on the IYT around the $92.60 area. This would be a short term bounce area for the transports.



Nicholas Santiago
InTheMoneyStocks.com