Posts Tagged ‘ETF Digest’

Dave’s Daily

MARKET COMMENT

Courtesy of Dave Fry, October 9, 2009

SACRED COW VIII STRIKES BACK

Okay, we’re never moving anywhere again? Well, never say never must be operative I suppose. So the movers are gone and the world’s most traveled and theoretically expensive household goods are here. So, sitting amid a sea of boxes I’ll be cutting this commentary short today. I mean, there’s some work to do. Let’s just look at the highlights from a few selective markets.

Last week we were honored with wonderful emails telling us how bright we were in getting out of many positions. This week, not a peep! That goes to ETF Digest Sacred Cow VIII (again): “At any given time, the market can make anyone look like an idiot—always.” And that’s the way of it this week.

Bulls would have nothing to do with selling and volume was extraordinarily light. Perhaps this was due to Monday’s non-holiday holiday. (Are there more bureaucrats and bankers trading nowadays? There seems to be more of the former in numbers anyway.) Breadth was positive.

Reall all here. >>

 

 


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Dave’s Daily

MARKET COMMENT 

Dave Fry’s ETF Digest, September 25, 2009 

TRIP, STUMBLE AND FALL?

We’ve been due for this type of action for some time as conditions had gotten much overbought. Suddenly, “worse than expected” news is really just bad news not spun in another manner. We lose one of the Four Horsemen (RIMM) due to poorly received earnings; and Durable Goods and New Home Sales were in the bad news camp so the selling continued.

Volume remains at a higher level with selling than previously with buying which isn’t good. Breadth today continues negative and that should embolden dip buyers and tape painters with the quarter and month end just a few trading days away.

Read all of Dave’s Daily here. >>

 

 


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Dave’s Daily

Dave’s Daily MARKET COMMENT

September 17, 2009

 
 

Mirrors on the ceiling, pink champagne on ice
And she said, ‘We are all just prisoners here of our own device’
And in the master’s chambers they gathered for the feast
They stab it with their steely knives but they just can’t kill the beast.

Hotel California Part 2
The Eagles
 

The targeted beast is the bull obviously but today he got a little nick for show. I wondered yesterday after Oracle reported negative results how that might impact performance today given other economic data being released. You can only conclude that “better than expected” Jobless Claims, Housing Starts and the Philly Fed Survey allowed investors to brush aside negative news from not only ORCL, but FDX and EK to name a few.

We’re starting the quad-witching this afternoon and this finishes up tomorrow. It should boost volume and it has in the past few days anyway. Tomorrow volume should get an even bigger jolt higher.

Today’s volume was greater than yesterday’s but not by much and breadth was negative but not overwhelmingly so.

 
 

Read the full Dave’s Daily Market Comment here.>>

 


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Dave’s Daily

MARKET COMMENT

Dave Fry’s ETF Digest, August 12, 2009

What did I miss from yesterday? Down a hundred, up a hundred—that’s about it.

Were there really any surprises from the Fed today? Okay, they’re going to stop buying bonds and I could say “me too!” But, that said, this was an inevitable event. So, bears would argue we’re just trolling along the bottom economically and while earnings and economic data have been uniformly “better than expected” much lowered estimates. Looking ahead things aren’t great since there really aren’t any new jobs, aside from government, being created.

Bulls need some new stimulus themselves to take the rally to another level. I don’t see this yet.

Volume was good today but as you can see by the 5 minute chart in SPY routinely posted below most of it came a little before and then after the Fed announcement. The action was two-way in nature although breadth was positive but not a 90/10 day by any means. 

 

 

 

Entire Market Comment here.


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Dave’s Daily

MARKET COMMENT

Dave Fry’s ETF Digest, August 5, 2009

Today’s disappointing employment report from ADP was the dose of cold water an overbought market needed to sell-off. But then the cavalry came to the rescue at just the right moment with GS’s call upgrading economic growth estimates. The effect was a ragged rally reducing more selling. There’s a concerted effort in officialdom and with their Wall Street brethren to lift markets and they’ll use whatever new rules and tools are needed to get things going. Making you feel good makes them money and reelects incumbents. With regard to the former is the eyebrow raising Bloomberg story how GS is making $100M per day trading. Yep, they’re trading free money from you and me with their High Frequency Trading systems (HAL 9000s).

If you don’t think companies aren’t front-running their recommendations you’re living in dreamland. But we’re just pawns in the game. You either play with them or leave the casino. 

 

 

Read all of Dave’s Market Comment here >>
 


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Dave’s Daily

MARKET COMMENT

Courtesy of Dave Fry’s ETF Digest on August 3, 2009

For more, click here >>.

in front of the train

Let’s see, should you subvert your emotions and logic by staying systematic and disciplined? Well, that’s not me standing on the tracks. I’m just sayin’

So, the "green shoots" and "better than expected" theme is winning out. That’s it, so stay off the tracks.

Now volume remains light and others, including this write-up from TheStreet.com has a different take on volume advising not to worry about it. I remain open to other views but for now this light volume is downright scary. No question about it today breadth was positive. 

 

To continue reading, click here >>.

 


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Dave’s Daily

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Market Comment

Courtesy of Dave Fry, July 23, 2009

Bull stampede, bull market, bulls, new highs

“Better than expected” once again. Like I said yesterday with bears apparently washed-out, volume light, HAL 9000s dominant and short-term debt instruments producing negative real yields, it doesn’t take much (even fantasy numbers will do) in the way of economic data or earnings reports to put bulls in stampede mode. This is just the way of it. Today it was housing data that was only marginally better than expected. But, hey, anything like this is the shot to put the herd on the run.

Read Dave’s full article here >>

 

 

 


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Dave’s Daily Market Comment

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Dave’s Daily
MARKET COMMENT

Courtesy of Dave Fry, July 21, 2009

Click here for Dave’s full market update

Photobucket

We’re all seeing the ongoing “better than expected” earnings news. One headline screamed, “Stocks rise on solid earnings reports.” Solid? CAT’s earnings were 66% lower than previously which qualified as a “beat”, but solid? That’s pretty generous don’t you think? It really doesn’t matter since bulls have seized the tape and bears appear washed-out…

 

 

There are many smart people who naysay this rally. They may be proven correct at some point but for now the action belongs to the bulls…

 


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Dave’s Daily Market Comment

Dave’s Daily Market Comment,

Courtesy of Dave Fry, July 20, 2009

clap

You can’t argue with new highs. The only thing missing in this rally is you since volume is incredibly light. Therefore, the only conclusion is computers are trading against one another. Friday’s volume was as low as a typical half day of trading during the Christmas holiday break. But this is the way things are now and we must accept it and deal with it. Stocks rose today on continued momentum from the usual “better than expected” theme and CIT being taken care of by its own creditors supposedly. It does make one wonder at the arbitrary and random nature of bailouts giving rise to conflict of interest accusations…. 

SPY chart 

 

The volume is light but those still involved have things nicely under control. The HAL 9000s aren’t as idle as individual investors in my opinion. For an inside look at how these machines run markets please review these links that support Da Boyz in their enterprise here, here and perhaps here as well. These are eye-openers for sure…

For the full Dave’s Daily Market Comment, go here.

 


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Dave’s Daily Market Comment

Courtesy of Dave Fry’s ETF Digest, July 16, 2009 

Mega Bear Noriel Roubini tosses in the towel saying the recession will end this year according to the Perma Bulls at CNBC. Not so fast says Roubini:

“It has been widely reported today that I have stated that the recession will be over “this year” and that I have “improved” my economic outlook. Despite those reports – however – my views expressed today are no different than the views I have expressed previously. If anything my views were taken out of context.”

 

 

…If you’ve read this blog and others (particularly Tyler Durden’s, Zero Hedge Blog) you’re aware of the embarrassing news that a Goldman Sachs employee stole their HAL 9000 high frequency trading program. Why should we care? Because the combination of these trading programs and government liquidity injections are how these companies report huge trading profits.

But what’s important is the effect of these trading systems on market behavior and action. This well-written in post by Joe Saluzzi also in Zero Hedge explains the situation. The most important aspect of it to me is the negative effect these programs have on basic trend-following systems no matter their individuality. Technically based systems need to be modified to deal with these new phenomena. One way is to join them day-trading and the other is to lengthen your views to allow for greater volatility period. 

To see all Dave’s market comment, go here >>

 


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Phil's Favorites

Exit Stage 3 Delayed; Another Technocrat; Bank Bailout Coming; What About Beppe Grillo?

Courtesy of Mish.

Italy’s president, Sergio Mattarella, asked Renzi to stay on as prime minister. Renzi agreed to do so until a budget is in place, likely later this week.

The vast majority of the population wants an immediate election, but Mattarella wants another technocrat.  Voter be damned, Italy’s 4th consecutive technocrat prime minister is coming up. I am available, and waiting a call.

The first mission of the new technocrat will be to pass legislation that will make it much harder for Beppe Grillo’s Five Star Movement (M5S) to get into power. Voters be damned again.

Exit Stage 3 Delayed

Please consider Renz...



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Zero Hedge

'Footloose' Comes To Brussels - Europe Unleashes "Dance Tax"

Courtesy of ZeroHedge. View original post here.

"Everybody cut loose".. but be prepared to pay for it in Europe. As Martin Armstrong notes, if you dance in a bar in Brussels, you must pay a tax!

The patrons of Bonnefooi, a cafe in the center of Brussels, last week received a visit from a City inspector.

The inspector asked them to pay the ...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Dow Sets Record as Bank Stocks Rally, Investors Shrug Off Italy (Bloomberg)

U.S. stocks climbed and the Dow Jones Industrial Average set a record as a rally in financial and technology shares reversed a dip in early trading after Italian voters rejected a constitutional referendum.

Japan's Labor Shortage Is Worst in the Leas...



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ValueWalk

Holidays gift ideas for every category of male

By Jacob Wolinsky. Originally published at ValueWalk.

Black Friday and Cyber Monday are over but with the Holiday season coming up and my wife always says it is pretty difficult to shop for men, so we thought we would make a guide. The good news is there is still time and (sometimes a need) to get a gift for your husband (shout out to our very loyal and dedicated for our 6 female readers), or yourself, son, father etc. Not every man wants the same type of gift – some like athletic items, home improvement stuff – not only do we have a list but we have a short video for those who prefer that format. See our Holidays gift ideas list be category below followed by the video. Note each item on the list can be found on ...



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Promotions

Phil's Stock World's Las Vegas Conference!

 

Come join us for the Phil's Stock World's Conference in Las Vegas!

Date:  Sunday, Feb 12, 2017 and Monday Feb 13, 2017.            

Beginning Time:  8:00 am Sunday morning

Location: Caesar's Palace in Las Vegas

Notes

Caesar's has tentatively offered us rooms for $189 on Saturday night and $129 for Sunday night. However, we have to sign the contract ASAP. We need at least 10 people to pay me via Paypal or we may lose the best rate for the rooms. (Once we are guaranteed ten attendees, I will put up instructions to call the hotel for individual rooms.)

The more people who sign up,...



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Members' Corner

Once In A Lifetime?

Courtesy of Nattering Naybob.

Summary
Discussion, critique and analysis of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
  • Dec 4th Italian Constitutional Referendum
  • Referendum Result; Market Reaction
  • Political Reaction; Opposition Party Reaction
Last Time Out
Since the end of World War II, 71 years have passed during which, the "perfect" balance has resulted in 63 different Italian governments, or more often than most change shoes.  Instead of being a real second legislative check, that balance is seemingly a weapon of mass distraction and instrument of political vetoes whi...

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OpTrader

Swing trading portfolio - week of December 5th, 2016

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Kimble Charting Solutions

Inflation indicator testing multi-year breakout cluster!

Courtesy of Chris Kimble.

Some tools are used to measure inflation or lack of. Some look at the price of Crude Oil, Doc Copper or the Commodities Index (CRB) to determine if inflation or deflation is in play. Since 2011, most commodities have created a series of lower highs and lower lows and for many, it has been easier to make the case of deflation than inflation, is in play.

Below looks at another tool, that is often used to determine if inflation or deflation is in play. This tool we are referring too is the TIPS/TLT ratio-

CLICK ON CHART TO ENLARGE...



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Chart School

Weekly Market Recap Dec 4, 2016

Courtesy of Blain.

The week that was…

The market needed a pause after the frenetic post election rally, and it finally arrived this week.  The pullback was mild as bulls would like.  This week’s “fear of the week” was Italy’s political referendum which happened today… and was rejected.

Italian voters were asked in a referendum to approve changes to the country’s constitution, which have been called the most sweeping since the end of World War II. The proposed reforms would cut the Senate’s size by two-thirds and reduce powers held by the country’s 20 regional governments. Italian Prime Minister Matteo Renzi believes the changes will aid efficiency in parliament.

The reforms could also “make it easier to implement important legislation (such as measure...



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Digital Currencies

Largest US Bitcoin Exchange Is "Extremely Concerned" With IRS Crackdown Targeting Its Users

Courtesy of ZeroHedge. View original post here.

Last Thursday we reported that in a startling development seeking to breach the privacy veil of users of America's largest bitcoin exchange, the IRS filed court papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform Coinbase.

The government’s request is part of a bitcoin tax-evasion probe, and se...



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Mapping The Market

The Most Overlooked Trait of Investing Success

Via Jean-Luc

Good article on investing success:

The Most Overlooked Trait of Investing Success

By Morgan Housel

There is a reason no Berkshire Hathaway investor chides Buffett when the company has a bad quarter. It’s because Buffett has so thoroughly convinced his investors that it’s pointless to try to navigate around 90-day intervals. He’s done that by writing incredibly lucid letters to investors for the last 50 years, communicating in easy-to-understand language at annual meetings, and speaking on TV in ways that someone with no investing experience can grasp.

Yes, Buffett runs an amazing investment company. But he also runs an amazing investor company. One of the most underappreciated part of his s...



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Biotech

Epizyme - A Waiting Game

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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