Wednesday Outlook: Commodities, Emerging Markets

<< Return to page 1







































Bull’s shouldn’t be too discouraged since inside today’s volatility there were positive developments in the action of technology and issues like NUE. Perhaps it just reflects high bullish anxiety levels and little more.

For those wishing to better time their trading activities for new positions or fine-tune existing positions, the McClellan Oscillator has done an adequate job. Just remember, it’s a highly short-term view.

The overall news is still quite negative but we’re in that season where bulls can make some noise since they desperately want and need to. We’re neither bulls nor bears but are systematic trend-followers. The time still isn’t right yet for us and today’s action supports the view that volatility remains quite lethal to all investors.

Have a pleasant evening.

Disclaimer: The ETF Digest has no positions.

Comments

[NOWHEREMAN:]

Petrobas just received an injection from China, $10 Billion.
Terms were not disclosed. Goodwill?

Gold futures are trading at or below Spot Gold. This scares me more than anything else.

If, a Big IF, Opec can announce a production cut in the area of 4 mil. brls and Russia follow suit with at least 500k, then reflation has hope. Otherwise, we might all be swimming with the fish. IMHO

2008 Dec 11 04:33 AM