Lower Lows for Internet ETFs
The Net-focused tradable funds
Thursday led the majority of their peers lower. The tradable funds in the energy
patch also weakened.
The B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating) sank
6.7% to a new low on heavy volume. Among its component stocks, CheckFree
(
CKFR |
Quote |
Chart |
News |
PowerRating)
fell 12.0%, FreeMarkets
(
FMKT |
Quote |
Chart |
News |
PowerRating) 22.6%, Retek
(
RETK |
Quote |
Chart |
News |
PowerRating) 10.4%. For a
possible short setup in Retek, see my Trading
The News commentary.
The streetTRACKS Morgan Stanley
Internet Fund
(
MII |
Quote |
Chart |
News |
PowerRating) lost 6.0%, the Software HOLDR
(
SWH |
Quote |
Chart |
News |
PowerRating) 4.2%, the
Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating) 2.7%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating)
2.3%.
The Energy SPDR
(
XLE |
Quote |
Chart |
News |
PowerRating) fell 2.0%,
the Dow Jones Energy iShares
(
IYE |
Quote |
Chart |
News |
PowerRating) 1.7%.
