The bleeding continues. Today’s late day selling pushed the S&P 500 below its 200-day moving average for the first time in months. The NASDAQ declined below it’s long-term trend line a few days ago. The stock market is now technically in a down-trend.
At the Las Vegas Money Show this week, I spoke with many individual investors who were much more concerned about losing profit and principal than seeking out the next best performing ETF.
The attached ETF performance report gives a good snapshot of the largest and most popular ETFs and how they’ve fared during the recent market decline. Those that are below their 200-day moving average or 8% off the high are good "sell" candidates.
To view the report, click Download 05-18-06ETFReport.pdf
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.