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.

Posted by Kevin

Labels: ,

1 comment:

Sandro said...

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

9:29 PM

Post a Comment

Subscribe to: Post Comments (Atom)
Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites