Posts Tagged ‘Dave Fry’s Market Comment’

MARKET COMMENT

MARKET COMMENT

By Dave Fry, October 14, 2009

10,000 MEANS CLEAR SAILING?

This isn’t too surprising. Is this just a target met? Window dressing for Main Street? The exit signal?

No doubt folks will feel better about their own personal financial conditions while others, too logical or close to the action, will be scared stiff!

Out of sight, out of mind is the continued decline in the dollar as no one cares “today”.

So we get new highs on what passes for good corporate earnings news (JPM & INTC) and up we go. Volume was modest for the occasion while breadth was impressive and positive.

Read all of Dave Fry’s Market Comment here.>>

 

 
 

 
 

 


Tags:




Dave’s Daily

MARKET COMMENT

Jam Job Edition of Dave Fry’s ETF Digest, September 3, 2009

Jam it

There are only two conditions and markets worthy of comment today before tomorrow’s employment data: the ongoing annoying and manipulative end of day “jam jobs” and the action in gold.

Looking at the 5 minute SPY chart you can see ultra-light total volume and the big “stick save” into the close. What can we infer from this?

1. Someone knows the employment data and is front-running it believing it to be positive.
2. Someone wants to squeeze some shorts for fun and profit since volume is ultra-light and they have the resources/muscle to do it.
3. These are the types of activities that are the stuff for conspiracy theories regarding direct or indirect government meddling in and propping of markets.
4. Where’s the SEC to investigate this type of trading especially if it’s derived from inside information? Oh, they’re busy playing nanny to leveraged ETFs and other low hanging fruit.

The other story of course today is gold followed by its companion silver. But, let’s stick with gold for today…

Continue here.>>>

 


Tags: ,




Dave’s Daily

MARKET COMMENT

Courtesy of Dave Fry at ETF Digest, August 20, 2009

IF AIN’T BROKE, DON’T FIX IT.
How the CFTC is Needlessly Breaking Good Products

DBC (PowerShares DB Commodity Tracking Fund) and DBA (PowerShares DB Agricultural Fund) are in the news as the CFTC (Commodity Futures Trading Corporation) has revoked the position limit exemption for these funds. They have also intimidated the issuers of UNG (United States Natural Gas Fund) into not issuing more shares to meet demand effectively breaking the issue as an effective product and needlessly costing investors a fortune. In the case of UNG, this is part of government effort to squash speculation in energy markets, always a politically correct or populist thing to do.

In 2006 Deutsche Bank (DB) creatively brought to market DBC and DBA and later partnered these with PowerShares in a marketing arrangement.

The lead product, DBC is a wonderful creation. The primary benefit to investors was and is to give them exposure to commodity markets which are uncorrelated to conventional markets. This reduces risk as most studies have demonstrated. Further benefits included allowing investors market involvement without having to invest in expensive and often illiquid commodity pools, or exposure to potential high leverage…

So why pull the exemption now?

The image above may seem a little over the top and perhaps it is but let’s look at some facts.

From Wikipedia below is an abbreviated description of Gary Gensler, the new agent of change from the Obama Administration.

“After receiving a BS and an MBA from the Wharton School of the University of Pennsylvania, Gary Gensler spent 18 years at Goldman Sachs, making partner when he was 30, becoming head of the company’s fixed income and currency trading operations in Tokyo by the mid-’90s, and eventually the company’s co-head of finance.[3]

As the Treasury Department’s undersecretary for domestic finance in the last two years of the Clinton administration, Gensler found himself in the position of overseeing policies in the areas of U.S. financial markets, debt management, financial services, and community development. Gensler advocated the passage of the Commodity Futures Modernization Act of 2000, which exempted credit default swaps and other derivatives from regulation.

In March 2009, Senator Bernie Sanders (I-VT) attempted to block his nomination to


continue reading


Tags: ,




Dave’s Daily

MARKET COMMENT

Dave Fry’s ETF Digest, August 19, 2009

Today I felt certain markets would decline, and they did so out of the gate. Since we’re primarily long and staying systematic I wasn’t feeling good initially. So after kicking the dog and yelling at the nice old woman next door, the Mrs. and I headed to our scheduled home inspection today. Upon our return 30 minutes before the close I noted markets were inexplicably up. What happened? Oil prices rose substantially and that fueled stock market gains so we’re told. Sounds strange but true. Here’s the reasoning (convoluted perhaps): a drop in energy supplies is a sign of rising demand, economic recovery and, Holy Green Shoots Batman! markets had to move higher.

You can’t make this stuff up.

Treasury bonds rallied and the dollar fell. It’s all quite strange actually since the former is a safe haven while the latter is inflationary.

The bottom line—“ours is not to reason why, ours is but to do and die.” Somewhere between Simpson and Tennyson is the truth…  continue here. 

A few of Dave’s charts: 

 

 

 


Tags:




 
 
 

Phil's Favorites

Johnson & Johnson vaccine suspension - what this means for you

 

Johnson & Johnson vaccine suspension – what this means for you

Vials of the Johnson & Johnson vaccine to prevent COVID-19. The use of this particular vaccine has been halted temporarily. Justin Tallis/AFP via Getty Images

Courtesy of William Petri, University of Virginia

The Centers for Disease Control and Prevention and the Food and Drug Administration on April 13, 2021 halted use of the one-dose Johnson & Johnson COVID-19 vaccine that has been given to 6.8 million people in the U.S. The pause is...



more from Ilene

Biotech/COVID-19

Johnson & Johnson vaccine suspension - what this means for you

 

Johnson & Johnson vaccine suspension – what this means for you

Vials of the Johnson & Johnson vaccine to prevent COVID-19. The use of this particular vaccine has been halted temporarily. Justin Tallis/AFP via Getty Images

Courtesy of William Petri, University of Virginia

The Centers for Disease Control and Prevention and the Food and Drug Administration on April 13, 2021 halted use of the one-dose Johnson & Johnson COVID-19 vaccine that has been given to 6.8 million people in the U.S. The pause is...



more from Biotech/COVID-19

ValueWalk

UK's First-Time Buyers See House Prices Climb

By Jacob Wolinsky. Originally published at ValueWalk.

First-time buyers paying as much as £73k more to get on the ladder since the market reopened

Q1 2021 hedge fund letters, conferences and more

The Climbing Cost Of Houses For First Time Buyers

Research by the new build snagging and defect management experts, ...



more from ValueWalk

Zero Hedge

Trading Bonds In Venezuela? Bring A Gunman And Cash

Courtesy of ZeroHedge View original post here.

The Venezuelan bond market - described by Bloomberg as one of the 'tiniest and almost certainly the most primitive' in the world - is also one of the most dangerous.

Based in Caracas where Nicolas Maduro's socialist government is 'ever so slowly freeing up the battered economy' for capitalistic endeavors, the US dollar has become the defacto currency. Yet, there's no electronic method to electronically transfer USD from one bank to another - which mean...



more from Tyler

Digital Currencies

Coinbase Sets Reference Price At $250, Well Below Last Private Market Trade

Courtesy of ZeroHedge

Ahead of tomorrow's much-anticipated direct listing of massive crypto-exchange Coinbase, Nasdaq has just announced the company's so-called Reference Price at $250.

On April 14, 2021, the Class A common stock of Coinbase Global, Inc. is expected to list on Nasdaq through a Direct Listing using the ticker “COIN”.

Because this security has not previously traded on any listing market and has no prior day's closing price, Regulation SHO Rule 201 will not apply to the security until its second day of trading on Nasdaq.

As a Direct Listing, COIN will be in a regulatory halt until ...



more from Bitcoin

Kimble Charting Solutions

Semiconductor Red Hot Performance Tests 20-Year Breakout Level

Courtesy of Chris Kimble

Will the “Red Hot” semiconductor index cool off or get even hotter due to the shortage of chips?

This chart looks at the Semiconductor Index on a monthly basis over the past quarter-century. No doubt the trend is up as it has created a series of higher lows and higher highs since 2009.

Fibonacci extension levels were applied to the 1996 lows and the 2000 highs. Currently, the index is testing the 261% extension level, while at the top of the rising channel as momentum is at the highest level since the 2000 highs.

The rare chip shortage coul...



more from Kimble C.S.

Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Saturday, 31 October 2020, 07:10:55 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: Black line could chase the orange line..higher asset prices for 2021. Post US election pop!



Date Found: Saturday, 31 October 2020, 11:32:25 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: Just like gold ...


...

more from Chart School

Politics

For autocrats like Vladimir Putin, ruthless repression is often a winning way to stay in power

 

For autocrats like Vladimir Putin, ruthless repression is often a winning way to stay in power

Russian police officers beat people protesting the jailing of opposition leader Alexei Navalny, Jan. 23, 2021 in Moscow. Mikhail Svetlov/Getty Images)

Courtesy of Shelley Inglis, University of Dayton

Russian dissident Alexei Navalny, sick with a cough and ...



more from Politics

Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



more from M.T.M.

Promotions

Phil's Stock World's Weekly Webinar - March 10, 2021

Don't miss our latest weekly webinar! 

Join us at PSW for LIVE Webinars every Wednesday afternoon at 1:00 PM EST.

Phil's Stock World's Weekly Webinar – March 10, 2021

 

Major Topics:

00:00:01 - EIA Petroleum Status Report
00:04:42 - Crude Oil WTI
00:12:52 - COVID-19 Update
00:22:08 - Bonds and Borrowed Funds | S&P 500
00:45:28 - COVID-19 Vaccination
00:48:32 - Trading Techniques
00:50:34 - PBR
00:50:43 - LYG
00:50:48 - More Trading Techniques
00:52:59 - Chinese Hacks Microsoft's E...



more from Promotions

The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



more from Tech. Traders

Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



more from Lee

Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

http://www.insidercow.com/ more from Insider





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...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.