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eBay, Yahoo Spur Internet ETF


Let's notice that so far today the Internet HLDRs ETF (AMEX: HHH) opened lower but has climbed into positive territory -- at new recovery rally highs, with the possibility of closing the session with a key upside reversal spike. eBay (Nasdaq: EBAY), which is about 30% of the HHH, looks very impressive for upside continuation towards a confrontation with multi-month resistance at 35.30/40, while Yahoo (Nasdaq: YHOO), also about 30% of the HHH, appears to be sending its bear phase. Should that be the case, the EBAY, AMZN, TWX and YHOO, all the major components of the HHH, will be in a relatively positive technical position to drive the ETF towards 64-65.
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