XTN Long-term BuysI am looking for buys on XTN. We have come into the monthly 50% retracement level and have also created a Wyckoff Schematic. This is a great long-term buy opportunity
Key stats
About SPDR S&P Transportation ETF
Expense ratio
0.35%
Home page
Inception date
Jan 26, 2011
ISIN
US78464A5323
XTN offers a straightforward work-around for the transportation industry's high concentration by equal-weighting its holdings. That drastically cuts its weighted average market cap and introduces some sector biases. Eligible securities must be included in the S&P Total Market Index and must meet certain liquidity and capitalization thresholds. The Underlying Index includes the following sub-industries, as defined by GICS: air freight & logistics, airlines, airport services, highways & rail tracks, marine, marine ports & services, railroads, and trucking. The index undergoes quarterly rebalance.
Classification
What's in the fund
Exposure type
Transportation
Stock breakdown by region
SPX. Transportation sector's RSI is deep into correction lvls !!XTN/SPX is way into correction territory. This market is just different !!!
Believe it or not, It's like saying we just finished 1/2 a correction @ the last dip !!!
Houston we have a problem- Chart speaks for itselfHouston we have a problem- Chart speaks for itself
That's a ugly weekly candle, absolutely no hesitation at the 1.618. You know what they say about transports. This could be start of Waterfall crash. You could most likely short the market until this thing gets above the trendline Stop Loss the
See all ideas