Since the Spyder Trust (SPY) closed on July 3rd it has rallied 2.36% and has regained about 50% of the decline from the June 22nd high. The rally has been more relentless than I expected as I thought that it was likely to stall last week. The Spyder Trust (SPY) and the PowerShares QQQ Trust (QQQ) have exceeded the resistance levels that I outlined last week. The QQQ made new all time highs due in part to the strong performance of Google, Inc. (GOOG) which was up almost 15% on Friday. The rally i...
Since the Spyder Trust (SPY) closed on July 3rd it has rallied 2.36% and has regained about 50% of the decline from the June 22nd high. The rally has been more relentless than I expected as I thought that it was likely to stall last week. The Spyder Trust (SPY) and the PowerShares QQQ Trust (QQQ) have exceeded the resistance levels that I outlined last week. The QQQ made new all time highs due in part to the strong performance of Google, Inc. (GOOG) which was up almost 15% on Friday. The rally i...
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