Friday, October 19, 2007

Fixed-Income (bond) ETFs Breaking Out

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Yesterday was a tale of two markets, as enthusiasm in the tech arena powered the Nasdaq higher, but the S&P and Dow were little changed. Further, an intraday tug-of-war between the bulls and bears made for a whippy and spastic session as well. Stocks gapped sharply higher on the open, drifted slightly lower throughout the morning, then fell apart at mid-day. Then, just as the major indices plunged 1.5% from their intraday highs and began to look pretty ugly, buyers arrive[...]

Read More...

[Source: The Money Blogs]

No comments: