Tuesday, May 6, 2008

Ishares Nasdaq Biotech (IBB) Poised For Breakout

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Stocks gapped higher on last Friday morning’s open, but subsequently drifted lower throughout most of the day. A bounce in the final hour of trading lifted several of the indices back into positive territory, causing the market to finish with mixed results. The S&P 500 gained 0.3% and the Dow Jones Industrial Average advanced 0.4%, but the Nasdaq Composite slipped 0.2%. The small-cap Russell 2000 lost 0.6%, as the S&P Midcap 400 eked out a 0.1% gain.&nb[...]

Read More...

[Source: The Money Blogs]

No comments:

Post a Comment