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Yesterday, on an uptick in volume, the iShares Dow Jones Transportation Average Index Fund (IYT) failed to reclaim support of its 20-day EMA and closed near session lows. A drop below the two day low of $90.45 could present a shorting opportunity in this ETF. We are placing IYT on the watchlist. Trade details are posted for our clients in the watchlist section of the newsletter. We recommend calling your broker prior to the open to ensure that shares are available for shorting. There is no inverse transportation ETF available as an alternative to shorting IYT.

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