Tuesday, June 17, 2008

Euro/dollar And Steel ETFs Reversing Momentum

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Stocks concluded last week on a positive note, enabling the major indices to recover more than a third of June’s substantial losses. As it did in three of the four preceding days, the broad market rallied in the morning, then began to drop in the early afternoon. But this time, the bulls drove stocks higher in the final ninety minutes, breaking the pattern of late-day sell-offs that has been plaguing the market. The Nasdaq Composite gained 2.1%, the S&P 500 1.5%, and t[...]

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[Source: The Money Blogs]

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