Dow Jones Transportation Average Index Fund: A Short Sell

 | Feb 09, 2014 01:39AM ET

From a technical view, the ETF has broken below the lower part of a rising wedge calling for a drop. Regarding technical indicators, the daily RSI is reversing down from a key bearish trend line and the daily MACD has validated a bearish divergence. On a relative basis against the IVV S&P500, the iShares Dow Jones Transportation Average Index is reversing down from a strong resistance and looks set for a drop.
Trading strategy: Short Sell and $129.09 - Stop loss and $132.05 - Target and $121.15