Thursday, May 1, 2008

Commodity And Currency ETFs May Be Reversing

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Another relatively quiet session ahead of today’s Fed meeting caused stocks to close with mixed results. Showing indecision throughout the day, the S&P 500 lost 0.4% and the Dow Jones Industrial Average fell 0.3%. The Nasdaq Composite, however, bucked the trend by gaining 0.1%. The tech-dominant Nasdaq 100 fared even better by climbing 0.5%. The small-cap Russell 2000 and S&P Midcap 400 indices shed 0.9% and 0.7% respectively. The Nasdaq Composite finished in the upper half of [...]

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[Source: The Money Blogs]

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