Considering that the Rotator closed yesterday with all price % changes in the red, today’s opening panel reflects a distinct change of character across the board. Note that EWJ is still in the top slot with volume well above normal. GAF and IFN, which have been the sore losers for the past 10 days may have turned the corner to the upside as suggested by the volume surge in each.
The other side of the argument is that the price pop and high volume are just short covering responses so risk adverse traders are probably best served by giving these 2 ETFs another day or two to show their true colors.
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