|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||75.71 / 102.38|
The Fed is data dependent. In the context of weak inflation and retail sales, it bears repeating.
Be patient with this downside trade in IYT, and think about capping risk.
The details matter in this case.
The longer the market chops around the more concerned folks are getting.
Breadth has a small window to improve from the poor and lagging action we saw last week.
After Janet Yellen, it's Mario Draghi's turn to speak about inflation.
I sold Ross Stores into the opening rally and Citrix Systems when it hit a profit-protection stop.
The broader transports industry also rose, with railroads CSX and Union Pacific each rising more than 1.5%, and trucking firm J.B. Hunt adding 1.2%.
Analysts expect the market to pause in the near term on weaker ground division margins, but many still see FedEx as the name to own in U.S. transports.
The company may have hit an all-time high stock price in early December, but analysts are confident a Trump presidency will lead to further gains for the U.S. transportation industry.