Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Trump’s Victory Is Looking Very Bullish For Transports

Friday, November 11, 2016 5:33
% of readers think this story is Fact. Add your two cents.

From Taki Tsaklanos: One of sectors that is attracting a strong bid this week, after Trump’s victory, is the transportation sector. Obviously, the transportations are of strategic importance to the market as a whole, given the Dow Theory signals.

According to Johny Murphy over at, transportation stocks are on the rise and look bullish:

“Dow Transports rising to the highest level in eighteen months. It’s still well off its early 2015 high, but it is now in an uptrend. In fact, it’s rising faster than the industrials. The TRAN/INDU ratio is on the verge of an upside breakout of its own. That’s a sign that the transports are starting to play catch-up. The transportation rally is also broadening out to include more groups.”

That viewpoint is confirmed by our own observations, and one does not need a Phd or master’s degree to come to that conclusion. The chart of the TRAN, representing the Dow Jones Transportation Index, tells the story: after a strong retracement in January of this year, pulling the index back to secular support, it is now on the rise again with no visible resistance until the previous peak of 9250 points, a rise of 9%.


The iShares Dow Jones Transportation Average ETF (NYSE:IYT) closed at $153.99 per share on Thursday, up $2.90 (+1.92%). Year-to-date, the largest ETF focused on transports has gained 14.3%, more than doubling the return of the benchmark S&P 500 in the same period.

This article is brought to you courtesy of Investing Haven.

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.