We’re very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.
As major indices push to new highs on shaky breadth, we look to transports for clues.
Here’s today’s standout:
The U.S. Transportation ETF $IYT is currently exhibiting a Long-Term Squeeze Score of 94.2.
Transports are finally waking up. From trucks to tankers, these charts have been building bases while volatility gets crushed. Now they’re starting to resolve higher.
And remember your old school Dow Theory. When transports are breaking out, it’s rarely just a transportation story. It speaks to economic strength and risk appetite more broadly.
If transports are working, small caps are usually working. If small caps are working, then the speculative stuff is probably catching a bid too.
