Stock Indexes Climb, But IBD-Tied Funds Send Mixed Message [Investor's Business Daily]
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Source: Investors Business Daily
Related news Stock indexes advanced confidently late Wednesday morning, even as two IBD-tied funds flashed varying degrees of optimism. The Innovator IBD 50 Fund ( FFTY ), an exchange-traded fund managed by Innovator Capital that reflects the IBD 50, galloped 2.4%. But the Innovator IBD Breakout Opportunities ETF ( BOUT ) gained only 0.9%. This divergence confirms what bulls have been seeing lately. As the latest IBD Big Picture column notes, even on strong up days for the indexes, breakouts are scarce. That was the case Wednesday morning as few stocks broke out in strong volume. In the meantime, the Nasdaq knifed 2.2% higher, while the S&P 500 and the Dow Jones industrial average rose 1.7% and 1.6%, respectively. The small cap Russell 2000 added 1.9%. Volume was running higher vs. the same time Tuesday. The FANG stocks and Apple ( AAPL ) each rose as they tried to put an end to their slumps. Facebook ( FB ) ascended 3% in average volume; Amazon.com ( AMZN ), 3% in 18% faster trade; N
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