Good News Is Now Bad News
May 23, 2012 at 10:55 AM EDT
Today is a perfect example of why traders should use charts and not follow the news. When the April new homes sales report was released it was better than expected increasing by 3.3. percent. The median prices were up by 0.07 percent, however, the SPDR S&P 500 ETF (NYSEARCA:SPY) ticked lower after the news. Does [...]
