One of the strongest stock sectors in the market today is the transportation stocks. This sector is often viewed by traders and investors as a leading indicator for the major stock market indexes and the economy. Today, the iShares Dow Jones Transportation ETF (IYT) is trading higher by $1.58 to $112.56 a share. The daily chart of the IYT is making new all time highs today. Short term traders should watch for intra-day resistance around the $113.00 level.
Some of the leading transportation stocks that are climbing higher today include FedEx Corp (FDX), Union Pacific Corp (UNP), United Continental Holdings Corp (UAL), and CSX Corp (CSX). All of these stocks do not look as strong as the IYT at this time, so traders must view each transport stock on an individual basis.