Transports At All Time Highs (IYT, UPS, FDX)

CNBC is reporting that the Dow Transports index is at all time highs. This is important, as there are quite a few people on Wall Street who believe that in order for the indexes to rally hard, then the Dow Transports have to lead. With the index at all time highs, there is the possibility that the other major indexes, such as the Dow Jones, the S&P 500, and the Nasdaq 100 will continue to move higher. Benzinga recommends that you look at the iShares Transports Index ETF IYT. Some other related equities are UPS UPS and FedEx FDX.