Don't Ignore This Chart!

Rough Week Leaves DIA the Last Man Standing


Stocks came under selling pressure over the past week with small-caps bearing the brunt. The PerfChart below shows the performance for eight major index ETFs over the past week. Seven are down and only one is up. The Dow Diamonds (DIA) has the only gain. The Russell 2000 iShares (IWM) and Equal-Weight S&P 500 ETF (RSP) led lower. In his recent commentary, Martin Pring noted that news highs in the Dow were not telling the whole story (subscription required). 

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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