ETF Outlook for Thursday, March 27, 2014
First Trust Dow Jones Internet Index ETF (NYSE: FDN)
Today the Internet stocks attempt to snap the six-session losing streak that ended with a 2.5 percent loss on Wednesday. In the last three weeks, the ETF is down 10 percent, but it remains above the 2014 low of $57.65.
The key for FDN in the coming days will be to hold above the 2014 low and begin to build a base or a snap-back rally. The last three days the volume has been twice the average volume, which can either indicate the beginning of a major sell-off with the sellers now in ...
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