Archive for the ‘AMEX Broker-Dealer Index’ Category

Brokers Break Down on Rising Volume

Monday, February 26, 2007 0:32 4 Comments

February 26, 2007
There’s an old saying on Wall Street–”Where the broker-dealers go, so goes the market.”
After a day of heavy selling pressure, the AMEX broker-dealer index broke below the 50 day moving average. This is not a good sign for the health of the market.
Below we see the index breaking down after todays trading.

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