Rochester, NY 7/30/2009 10:16:46 PM
S&P DEP RECEIPTS SPY, SPY Still Continue to Gain Market High
S&P DEP RECEIPTS
While you can never be sure how the market goes and it can either go from a mega-bear market to mega bull market, steady rises becomes the usual. But seeing an 11 day consecutive rise then again on the next day that would make a twelfth consecutive day rally in an index, this is very much out of norm of what market or economy you are in.
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We have seen a steady rise on the stock of S&P 500 in the same period, but the SPDRs doesn’t have the same exact number of consecutive winning days as compared to the NASDAQ which is getting consecutive gains on stock market.
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