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 ( 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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