ETF Outlook For Tuesday, May 20, 2014
SPDR S&P 500 ETF (NYSE: SPY)
The SPY has pulled backed several times over the last month and each short-lived bout of selling has followed a similar pattern. The ETF crossed below the 50-day moving average during the trading day, only to close above the indicator and then rally the next few days.
On Thursday and Friday the ETF breached the indicator, only to close off the intraday lows. Yesterday the ETF rallied to close near the high of the session and thus the pattern continues. The 50-day moving average is currently at $186.83.
iShares MSCI Thailand Inv. Market ETF (NYSE: THD)
The army declared martial law in the country in response to six ...
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