If It Can’t Get Any Better, It Can Only Get Worse

It can’t get any better than this for the transportation stocks. [Jeff Clark's Market Minute]( Jeff’s Note: On Wednesday, I discussed the number one new strategy all traders need in their toolbox right now. It has to do with [a lucrative new trading vehicle]( designed for quick, daily payouts. And, it has the potential to reel in over $75,000 per year. To learn more, watch the event [right here](. --------------------------------------------------------------- If It Can’t Get Any Better, It Can Only Get Worse By Jeff Clark, editor, Market Minute It can’t get any better than this for the transportation stocks. The iShares Transportation Average ETF (IYT) is up 21% so far in 2023. Most of that gain happened in just the past six weeks. The sector has rocketed higher as we’ve entered the summer travel season, global economies are opening up, and energy prices have fallen. It’s the perfect storm for transportation stocks – in a good way. And, it really doesn’t get any better. But, that’s a problem. You see, if it can’t get better then it can only get worse. Recommended Link [The #1 Energy Play to Buy Right Now]( [image]( Did you know that oil and gas stocks have crushed nearly every other investment over the past 2 years? 99% of Americans are completely oblivious to this new bull market in energy… But America’s top billionaires – Musk, Buffett, and others – are buying these investments hand over fist right now. [This little-known energy play could be the #1 stock to own this year (and beyond).]( -- So, traders rushing in to chase the transportation stocks higher at this point are likely to be disappointed in the future. Take a look at this chart of the Bullish Percent Index for the Transportation Sector (BPTRAN)… [(Click here to expand image)]( Regular readers know that a bullish percent index measures the percentage of stocks in a given sector that are trading with bullish technical patterns. Since it’s a percentage, the chart can range anywhere from zero to 100. Typically, when a bullish percent index dips below 30 it indicates oversold conditions. Readings above 80 mean a sector is overbought. A bullish percent index will generate a buy signal when it turns up from oversold conditions. It generates sell signals when it turns down from overbought levels. The BPTRAN buy signals are indicated by the blue arrows on the chart. The sell signals are in red. Here’s how IYT responded to each of those signals in 2023… [(Click here to expand image)]( If we were trading IYT solely off the BPTRAN signals, we would have purchased IYT in late December, sold it in early February, and bought it again in mid-March. And, we’d be sitting on a really nice gain at the moment. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. The problem now, though, is the BPTRAN is at 100. It can’t go any higher. And, when it turns lower it will generate a sell signal. Folks who are buying into the transportation sector now are buying into extremely overbought conditions. The risk far outweighs the reward. With the BPTRAN on the verge of a sell signal, it seems more prudent to refrain from chasing the transportations stocks higher right now. We’ll likely have a better chance to buy them in the months ahead. Best regards and good trading, [Signature] Jeff Clark READER MAILBAG Have you been tracking any specific stocks in the transportation sector? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [Master Trader Reveals his One Stock Retirement Plan Stock Pick]( Hi. Jeff Clark here. I am going to reveal the one stock I use in my One Stock Retirement strategy that enabled me to achieve financial freedom early, at the age of 42. I’ve used it to profit during any kind of market condition, including complete market meltdowns. And you can get started with as little as $100. [Watch my video here.]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. 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