Transportation stocks are finally catching a serious bid—providing a necessary ingredient to support the current bull market rally.
If you go back and do the work, you’ll find it's tough for the stock market to sustain an uptrend without some rotation into underperforming areas.
Transports fit the bill perfectly as they've gone nowhere for four years. But now, the landscape has changed.
Forgotten groups like transports are waking up and participating higher, adding fuel to the broader market.
The iShares US Transportation ETF $IYT is breaking out of a massive base to new all-time highs.
The path of least resistance is now higher for this key procyclical index.
Transports finally breaking out above the prior cycle highs gives bulls one of the key missing puzzle pieces they’ve been looking for.
This bull market is finally firing on all cylinders.
The new highs from transports are a testament to it.
In the coming days and weeks, we’ll be looking to add exposure to this group via our Breakout Multiplier system.
JC and Strazza hosted a special event today, showing how to find winning trades using the Breakout Multiplier strategy. Click here to watch the replay!
