Financial ETFs Dive as Goldman, Bank of America See ‘Death Cross’
May 13, 2011 at 15:46 PM EDT
Bank exchange traded funds were the worst sector in Friday’s stock pullback with shares of Goldman Sachs (NYSE: GS) and Bank of America (NYSE: BAC) seeing so-called death crosses that could spell further weakness. Traders closely monitor moving averages to get a sense for where stocks and ETFs are...
