Friday, February 23, 2007

XBD: Broker Index Testing Its 50 Day



One of the weakest groups today were the brokers (XBD). Some of the weak stocks in this group were LEH down 3.65%, BSC down 2.88%, MER down 2.69% and MS down 2.15%. As you can see in the above chart, the XBD is testing its 50 day moving average right now.

1 comment:

Sandro said...

Exactly. Both Bear Stearns and Merrill Lynch are in serious trouble with mortgage business. Others are probably dropping on sympathy.

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