Dow Transports See Epic Bounce
InTheMoneyStocks.com | Oct 28, 2014 12:44PM ET
The iShares Dow Jones Transport Avg. (ETF) (NYSEARCA:IYT) ran firmly into a double top Tuesday -- an epic bounce of $20 in less than two weeks. The chart is short-term overbought and should see a pull back. Markets will be closely watching Wednesday's FOMC Policy Statement, which will be the driving force behind the next major move in the markets.
Near-term bias on IYT is negative.
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