ETF Outlook for Tuesday, July 29, 2014
Stocks entered the week on a sour note. Last Friday, as investors digested economic, geopolitical, and earnings news many decided it was time to sell and pushed the Dow down more than 100 points.
Then the buyers came back Monday, just as they have been in the last few months. By the time the opening bell rang the index was up 22 points. Technically the stock held above its 50-day moving average as well as its current uptrend line, suggesting all is good in the land of the bulls.
SPDR S&P Retail ETF (NYSE: ...
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