Tuesday, June 24, 2008

A New Bearish Energy ETF

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.What a difference one day can make. The Nasdaq Composite logged a bullish "accumulation day" and showed relative strength by cruising 1.3% higher last Thursday, but swiftly plunged 2.3% on even higher volume the following day. After trending steadily lower throughout last Friday’s session, the S&P 500 and Dow Jones Industrial Average similarly sustained losses of 1.9% and 1.8% respectively. The small-cap Russell 2000 fell 1.6% and the S&P Midcap 400 decli[...]

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[Source: The Money Blogs]

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