MoreThanPaper
Long

EDV - Bullish breakout, bad new for S&P?

AMEX:EDV   VANGUARD WORLD FUND EXTENDED DURATION TREAS ETF
EDV has done well since the S&P cooled off at the beginning of the year. The two have a predictably negative correlation, however, even though the S&P has been doing relatively well since mid-February, a weak pennant has formed in EDV and there are signs of a positive breakout.
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