Wednesday, March 21, 2007

ETF update for Wednesday March 20

FXI, China index ETF, is right at 50 EMA(purple) resistance, I will be looking to go short on any breakdown from here.

QQQQ has made it to it's 50 EMA resistance, while DIA and SPY have not made it to their 50 EMA's. It will be interesting Wednesday to see if QQQQ will start to lead the other index's down, or breakthrough to lead the other index ETF's higher.

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