Mixed Bag In ETFs
It was a mixed bag for the
exchange-traded funds Tuesday with tech and defensives both posting gains. It’s
the kind of action consistent with a bottoming process, not a momentum process.
So my intermediate-term momentum friends, keep your shirts on!
The Nasdaq 100 Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating)
rose 7.9%. The Technology SPDR
(
XLK |
Quote |
Chart |
News |
PowerRating) 7.0%.
The Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating)
rose 4.2%. the Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating) 3.9%, the Dow Jones Healthcare iShares
(
IYH |
Quote |
Chart |
News |
PowerRating)
3.2%, the Pharmaceutical HOLDR
(
PPH |
Quote |
Chart |
News |
PowerRating) 2.9%.
