Sell-Off Inflicts Technical Damage on Stock, High-Yield ETFs
November 21, 2011 at 12:39 PM EST
Monday’s stock-sell off on fears over Eurozone debt and the U.S. “supercommittee” failure drove S&P 500 exchange traded funds below their 50-day simple moving average. [Stock ETFs Fall] However, recent market weakness has also pushed ETFs indexed to high-yield bonds and preferred stocks below...