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I believe traders must be on holiday somewhere warm and tropical. Maybe they’re at GITMO? Some, or at least their bosses, might belong there.

It was pretty shocking to hear from subscribers that they couldn’t buy DBA or DBB at Merrill Lynch, or whatever name they’re now going by. This is one of the dumbest things I’ve heard in a long time. Why anyone would maintain an account at a firm so behind the times is beyond me. Not only can’t they provide excellent products to their clients, they can’t take care of their own house.

This is a short week as you know and some earnings will start to roll in. It will be interesting to see how these are spun.

Let’s see what happens.

Disclaimer: Among other issues the ETF Digest maintains positions in SPY, MDY, IWM, QQQQ, IGM, FDN, XLF, XLI, XLY, DBV, DBC, DBA, DBB, DBC, USL, XLE, MOO, EFA, EEM, EWA, EWC, EWZ, EWY and FXI.

The charts and comments are only the author’s view of market activity and aren’t recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren’t predictive of any future market action rather they only demonstrate the author’s opinion as to a range of possibilities going forward.

Source: Tuesday Outlook: Commodities, Global Markets