Perhaps a short-term pull back is more likely before the next rally on IYM? google awe_some_stock.s - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
IYM may be a compelling opportunity. I started receiving notifications from AWEsome.STOCKS the other week and so far they have presented interesting new trade ideas.
In the short-term IYM does not seem to be like a good trade. Im not sure about you guys but awesomeS-TOCKS has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
MAY-2016 iShares Dow Jones U_S_ Basic Materials Sector Index Fund NYSE : IYM Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.7 In other words, the correlation coefficient of the other stocks