Thursday, April 24, 2008

Commodity Etf Ready For Another Leg Up

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.The stock market sustained its first day of substantial losses in more than a week, as higher turnover confirmed the bearishness of yesterday’s session. The major indices opened slightly lower, chopped around throughout the morning, then made another leg lower at mid-day. The Dow Jones Industrial Average fell 0.8%, the S&P 500 0.9%, and the Nasdaq Composite 1.3%. The small-cap Russell 2000 suffered a 2.0% decline, as the S&P Midcap 400 shed 1.4%. [...]

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[Source: The Money Blogs]

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