The Transports are trading like .  A bearish momentum divergence has formed for months now.  The story has gone from one of the standout sectors post-election to one of failed attempts at new highs.

Now ETF IYT sits at the 50 day moving average.  A moving average that has flattened over the last month and a half.


We’ve seen a lot of data underneath the surface give up the post election gains.  We can’t help but wonder; are Transports next?