Tuesday, November 16, 2010

Become a Certified Technical Analyst (Municipal Bond ETF's)

Identify the Trend:

You passed! Collect your diploma after listening to our honored speaker:

"Combining, as you do, both the alpha and the numeric, the art and the science..."
(cue the Elgar)

[Certified? Certifiable is more like it -ed]

The chart is from Bespoke, here's there comment:
Last Friday we highlighted the big fall in the national municipal bond ETF (MUB), but it has only gotten worse this week.  MUB's biggest one-day decline during last week's fall was -1.17% on Thursday.  Yesterday it was down 1.85% and today it's down another 1.76%.  The chart below is not a pretty sight.