|
|
Article: S&P 500 SPDR ETF Goes Nowhere, Says Dr. Joe Duarte.
- Article from:
- Investrend
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Nov 03, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/11/03/sp-500-spdr-etf-goes-nowhere-says-dr-joe-duarte/)
November 3, 2009 (FinancialWire) -- Dr. Joe Duarte (http://www.joe-duarte.com) recently noted: The S&P SPDR ETF (NYSE: SPY) has taken it on the chin lately. And Monday's action was no improvement despite the bounce.
Duarte added: Our trading plan calls for daily chart watching, with special attention to key support and resistance levels such as the 20 and 50-day moving averages for important indexes and ETFs as well as individual stocks.
Last week, SPY fell below its 50-day moving ...