IYT Follow Up (Transports)

I mentioned Transports yesterday in a post and have been watching them this morning, I want to draw your attention to them, not only as a parabolic move which nearly always ends as badly as it started off beautifully. The gap from this a.m. is filled, the 3C charts are continuing to degrade; it might not be the area I'd open a put, but I see the current price position as offering a lot more downside reward than upside risk.

Take a look, I'm collecting charts now, but I really wanted to get this on your screen.

I do envision this as a longer term core position, but we'll let the market tell us what it wants to be.