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

As schools prepare to reopen during COVID-19, are the kids alright?

 

As schools prepare to reopen during COVID-19, are the kids alright?

A seven-year-old boy waits at the bus stop in Dallas, Ga., for the first day of school on Aug. 3, 2020. Canadian schools are reopening in September, but is anyone really thinking about the well-being of the children? (AP Photo/Brynn Anderson)

Courtesy of Sydney Chapados, Carleton University

As September approaches and schools prepare to reopen, there are concerns for children, including the risk they might spread COVID-19, ...



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Biotech/COVID-19

As schools prepare to reopen during COVID-19, are the kids alright?

 

As schools prepare to reopen during COVID-19, are the kids alright?

A seven-year-old boy waits at the bus stop in Dallas, Ga., for the first day of school on Aug. 3, 2020. Canadian schools are reopening in September, but is anyone really thinking about the well-being of the children? (AP Photo/Brynn Anderson)

Courtesy of Sydney Chapados, Carleton University

As September approaches and schools prepare to reopen, there are concerns for children, including the risk they might spread COVID-19, ...



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Zero Hedge

Hotel Bailouts At Taxpayer Expense Coming Right Up

Courtesy of ZeroHedge View original post here.

Authored by Mike Shedlock via MishTalk,

Commercial Real Estate delinquencies have soared led by lodging.

Trepp research shows CMBS Delinquency Rate Surges for the Third Month; Nears  All-Time High.

...



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ValueWalk

Emerging Market Airports - Broyhill Asset Management

By Jacob Wolinsky. Originally published at ValueWalk.

Broyhill Asset Management investment thesis on Mexico’s airports.

The economic impacts of COVID-19 have been felt far and wide. The pandemic has indiscriminately affected both developing and emerging economies. The virus has shuttered some businesses but has also created some interesting opportunities for the long-term, value-oriented investor.

Emerging market air travel has been hard hit by the global pandemic. But air travel is key to economic development.  Airports are recognized as critical infrastructure, supporting employment and fostering growth in tourism, trade, and business.

Broyhill Asset Management’s investment thesis below, highlights how private airports carry lower risk than airlines, generate highe...



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Kimble Charting Solutions

History Says Gold Correction Could Lead to Big Rally!

Courtesy of Chris Kimble

Over a decade ago, Gold rallied past its 1980 highs and over $1000/oz at (1) on today’s chart.

That rise to new highs was met with a 30 percent correction at (2), followed by a blast off rally to new highs.

Is gold setting up for a repeat of its past?

Gold recently rallied past its 2011 highs and above $2000/oz. Could Gold soon turn lower for a sharp correction before another blast off toward $3000?

If so, Gold bulls should look for a pullback, before blasting higher. Stay tuned!

This article was first written fo...



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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...



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Chart School

Silver Big Channel

Courtesy of Read the Ticker

Big channels are the sand pit of price action. Lets review some big trends of these past months.


GLD
- Moving higher to upper solid red line channel


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






XAU
- Ready to pause, or simply explode.



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SILVER
- Ready to pause, or simply explode.


Click for popup. Clear your browser cache if image i...



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Digital Currencies

Raoul Pal: "It May Not Be Worth Owning Any Asset Other Than Bitcoin"

Courtesy of ZeroHedge View original post here.

Authored by Turner Wright via CoinTelegraph.com,

Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments.

image courtesy of CoinTelegraph ...



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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...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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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.
...

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Promotions

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Feb. 26, 1pm EST

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Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

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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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