Don't Ignore This Chart!

Schwab Leads Broker-Dealer iShares to New High


The Broker-Dealer iShares (IAI) is showing leadership over the last few weeks with a surge above its March highs. Notice that the ETF is up around 10% from its early August low. Within the group, Charles Schwab (SCHW) is leading with a new high in late August and further strength this month. Etrade and TD Ameritrade are playing catch up with big moves the last two months. Strength in the brokers is positive for the market overall. 

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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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