Posts Tagged ‘market’

041109-Further evidence of a bottom?

// April 12th, 2009 // Comments // stocks

xly_041109

The consumer discretionary SPDR (XLY), which has been a short for quite some time is showing signs of putting in a more solidified bottom. Is this further evidence of a change in direction (down to sideways)? only time will tell, there still could be more bad news coming out of the woodwork, but it is interesting.