The SPDR Diamond Trust ( DIA) has dropped further below its support at line b.
The Spyder Trust ( SPY) closed up 1.9%, while the SPDR Diamond Trust ( DIA) gained 2.1%.
Over the past two months the Spyder Trust ( SPY) is up 1.2% more than the SPDR Diamond Trust ( DIA).
The most positive development is in large-cap stocks, as represented by the SPDR Diamond Trust ( DIA) which tracks the Dow Industrials.
The SPDR Diamond Trust ( DIA) also rallied sharply in late Thursday trading, but is still over 2% below the recent highs.
The SPDR Diamond Trust ( DIA) is acting the best of the four ETFs suggesting that investors are favoring the higher-yielding large-cap stocks.
Stocks bucked the historical trend in September, as the SPDR Diamond Trust ( DIA) and Spyder Trust ( SPY) were both up 2.4%.
The SPDR Diamond Trust ( DIA), which tracks the Dow Industrials, looks a bit more positive, as it has a much lower concentration in the financial sector.
The improvement in the relative performance of the Dow tracking SPDR Diamond Trust ( DIA) in the past few weeks suggests it may overtake SPY in the coming weeks.
Chart Analysis : The yearly chart of the Dow Jones Industrials, which I use to confirm my analysis of the SPDR Diamond Trust ( DIA), shows that this will be the third consecutive higher yearly close.
For those who are long a large market tracking ETF like the Spyder Trust ( DIA) or the SPDR Diamond Trust (DIA) buying or selling just because of historical monthly averages is not a good strategy for most.
Befriending the bank staff, who believed he was a successful diamond trader, he gained their trust and acquired a key to the bank's vault.
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