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11:03PM (15 mins delay)
Nov 06, 2009 - 2:29 AM EST
J Clinton Hill submits:ETF Market Direction Summary: 11-05-2009
From the opening on Thursday, major U.S. equity indexes started the day on positive momentum and continually added to their intraday gains to close above the 90th percentile of their daily trading range.The DIA, SPY, and QQQQ have ended their corrections and re-established their support levels at the 20, 50, and 200 day moving averages. The only exception is the small-cap IWM which remains in both short and intermediate downtrends. However, the IWM did manage to participate in attaining a new 5 day high along with the other major equity indices.
Source: Seeking Alpha (Nov 06, 2009 - 2:29 AM EST)
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