Things seem to be getting overextended for FDN. have you guys heard of awe*some*stocks. i started receiving their allerts and so far i am happy.
I think FDN might have reached its upward limit and that a pullback may be possible. Ive been struggling with this stock lately. Some of my other trades have been from awe_some_stock_s which are working out pretty well.
Perhaps a short-term pull back is more likely before the next rally on FDN? I started receiving notifications from awesome.stock.s the other week and so far they have presented interesting new trade ideas.
MAY-2016 First Trust Dow Jones Internet Index Fund NYSE : FDN Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.9 In other words, the correlation coefficient of the other stocks