The iShares Dow Jones U.S. Transportation Fund (IYT) Has Momentum

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June 15, 2009 10:28am ETF BASIC NEWS NYSE:IYT

fedexIf you subscribe to the theory that the the market is in recovery mode, than the transportation index should experience improvement. Don Dion (TheStreet.com) finds that “Recent strength is showing up as improved momentum, and IYT’s short-term momentum crossed into positive territory during the past week. 


While not a sign of great strength by itself — ETFs with similar short-term momentum include PowerShares Building & Construction(PKB), WisdomTree International Healthcare (DBR) and iShares Dow Jones U.S. Technology(IYW) — IYT is also showing improved long-term momentum.”

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