« Yield Curve Turns Positive Again | Main | Biotech Breakdown »
April 07, 2006
Broadband Breakout
In sharp contrast to the Biotech HOLDRS (BBH), the Broad Band HOLDRS (BDH) broke resistance at 21 and this group continues to lead the Nasdaq and broader market. This index looks a lot like the Networking Index and includes heavy weights like QCOM, MOT, GLW, BRCM and SFA, which Cisco just bought.
Posted by Arthur B. Hill at April 7, 2006 06:34 AM