The rails have been on the move higher and the chart below of the IYT has been a big beneficiary. Three of the top four names in the ETF emanate from that space with NSC UNP and KSU (CSX is the ninth largest holding in the fund and overall the 4 names make up 35% of the fund). The truckers are also well represented with names in the top 10 include JBHT LSTR and CHRW. At the top of the list is FDX, and that name seems to be shying away from the very round 300 number. Three of the last six have been above a cup base pivot of 293.40 intraday, but none were able to CLOSE above it. Peer UPS is trying to cling onto its 50 day SMA. The IYT is up in the lower teens YTD, and this ETF in my opinion, is looking ahead 6 months like financial instruments often do. It now sits 2% off most recent all time highs, and it is a good representation of the genuine health of the economy.