Bullish ETF Breakouts

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.A brazen half-point reduction in the federal funds rate launched a gargantuan rally that swept through practically every industry sector yesterday afternoon. The Fed surprised much of Wall Street by dropping the key rate 50 basis points instead of the widely anticipated 25 basis points. Further, they reduced the discount lending rate by another half-percent. The market’s bullish reaction was immediate and swift, causing all of the main stock market indexes to gain at least 2.5%.[...]

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[Source: The Money Blogs]