GREY:BXEFF - Post by User
Post by
Steelhead15on Jan 30, 2014 12:36am
336 Views
Post# 22151361
Market and Russell 2000
Market and Russell 2000Sorry to say the Russell has been going down even before BXE started to fall and has continued. The oil index XLE is falling and almost all stocks falling with it.
NG and Oily stocks are almost all falling. BXE has actually held up pretty well. Many are below their 50 DMA.
This correction is not about BXE. It seems money is being pulled due to foreign currency issues. My guess is Asian money being pulled for use where needed. OR it could also include the Tapering issue.
I don't see a major catastrophe. It seems like a fairly normal pullback. Maybe it is important the commodities are holding up so well.