Thursday Outlook: Commodities, Global Markets 76 comments
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<< Return to page 1 - Bad News = Another Rally
So many markets, so little time is all I can say. I’m sure there are some favorites missed but you just need to remind me.
The news? Fahgett about it! BAC needs $35 billion, Chrysler bond holders get stiffed, GM isn’t a functioning enterprise, DIS reports a 46% decline in profits and the stock rallies because, you guessed it, this beat estimates.
Every time I think the market rally has run its course there’s another Emeril Lagasse “let’s kick it up another notch” moment. So, we go with it because that’s what the system tells us to do. Every time I try to fade my system it costs me, whether I'm not being aggressive enough or just not making indicated trades. But we’re all human and after 35 years of doing this you’ll forgive me for saying that I’ve developed some attitude. Yeah, a technician with an attitude—sounds dangerous.
Now dear readers please understand that we’re not looking for any sympathy and Francie will probably be upset I posted her situation for all the world to see. Nevertheless, I wanted you to know that postings may become intermittent. This is all I’ll say on this subject.
I don’t know if there will be a post tomorrow as I’ll be moving about.
Disclaimer: Among other issues the ETF Digest maintains positions in: SPY, MDY, IWM, VTI, RSP, QQQQ, XLI, XLB, XLY, IYR, IEF, TLT, TBT, DBV, DBC, USL, XLE, DBA, MOO, DBB, XME, EFA, EEM, IEV, ILF, EWW, EWZ, EWC, EWJ 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. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.
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This article has 76 comments:
Alan.
~ Mick
My wife encountered the same situation - We went immediately to Hopkins and they were technically advanced, highly competent, and the results have been terrific! Wishing the two of you the best!
Wishing you and Francie all the best. She is in the best treatment facility in the country so hopefully, a good outcome. The market has become a rigged game anyways...
Jay
Thank you for all your post. I do hear that a juice called mangosteen has been recognized as being very powerful and has helped many. A company named Xango produces it and sells it. They are the fastest growing company in the history of the world. Faster then microsoft. Cant trade it they are private. But to return the favor for all you do check it out. I'm sure you will want to do all you can to combat the problem. Best of Luck.
I typically read your end of day update directly at EFT Digest around 7:00 PM EST, and yesterday was no exception.
After reading the first paragraphs last night, I had to take a step back, before reading your charts, and offer you and your wife as many silent prayers as I could for her speedy recovery. I hope you both keep your spirits up, and know that there are many, many, people out there wishing the best for you and your wife.
Thank you again for all you do, and I wish you both the best.
Best of luck for you, your wife and your family. Hopkins is great.
Mucho mojo to you and yours, Dave. Thanks for the awesome analysis.
Good thoughts are with you and your family.
I'm sorry you and your wife are going through this. I'm a medical Psychologist. My wife works with many CA patients as an RN. If we can help in any way, especially with medical questions you can't get answered, or "coming to grips with this" questions, pls email or call.
contact me through my website.
Gordon
My sister was diagnosed with cancer 15 yrs ago and had an attitude that she would beat the disease. After her treatment at MD Anderson in Houston she never looked back and is disease free. It seems Francie has the same attitude and courage. We all hope for the best for her.
Steve
But i digress, my thoughts are with you and your family, and may your lovely wife have a fast and full recovery.
I join others in sadness in hearing the news, wishing Francie a speedy recovery & well wishes for your family. Your posts are greatly appreciated & hoping for good news for you & yours.
I agree with you, the markets are not acting in a rational fashion; but then, they don't have to, I suppose. I've been hurt by the seemingly crazy rise of the financials, banks in particular. And right now, I'm fixated on those gaps not that far above present value for a lot of securities. I don't believe that a broad-based push through here can be faked (even if the buying doesn't appear to make sense) so must concede in the event that a new bull is in progress, but for how long? I feel however that a reversal will occur, and a lot of profits will quickly erode, so get ready to sell so as not to lose all.
cprrights.com as some may not be aware that sandwiched in the Pork /"Stimulus" bill was a section dealing with the next goal of the Obama administration is Universal Healthcare which will ration our healthcare and put medical decisions impacting our lives in the hands of a govn. controlled panel.
Thanks again for your work.
TAG, MD
Fine work and I've always admired it!! Look forward to continuing analysis.
Thank you for all your insights.
Just to join the legion of well wishers for Francie´s health and grateful followers of your great insights. Francie and all of you will be in my prayers. Have a good trip back to the US. We will miss you while you don´t publish.
Best,
Gonzalo
Thank you for sharing this with my as it gives some important perspective on life given the daily insanity.
My prayers are with your wife for a speeding recovery and I wish you and your family the very best in life.
Dave
My family, and I'm sure countless more are praying for a good outcome.
Family always comes first. Take care of them!
Our family went through one of these bouts. Pretty serious stuff. The outcome now, three years later, is excellent.
Warmest regards
On the Markets, I shere your cynicism and anger - But my Portfolio is even angrier. UNG along with TBT seem to finally be making some headway though!
I know I'm just one of many based on the huge support posted above, but like the others my prayers are with you and Francie. She is a lovely lady and sounds like the kind of person who will kick butt. Your daily postings and humor are a highlight of my day. Hang tough big guy!
John
Let me know if there is anything we/I can do to help, technology, wireless broadband cards, I'm in that area pretty often.
best
TB
From what little I know of your wife & the rest of your family, pls know that all of you are in our prayers.
Reading about how health conscious Francie is will stand her in good stead. My health (at age 77) is so much more improved from just being more health conscious about everything, the food I eat, the liquid consumption & moving back to one of our favorite places on earth can't hurt either.
Chin up my man, believe in God & keep the faith.
Joe Severa (SageNot)
A respectful admission of jealousy upon viewing the picture of Francie posted on ETF Digest. (Did you have to mention aerobics instruction? That's just not fair.)
(Please forgive my crassness, it is a macho reflex I get whenever I try to be earnest or sincere. I'm working on it.)
Francie will receive exceptional care at Hopkins; and that's all that really matters. Be well.
:-)Shawn
Wishing your Missus a speedy recovery from Raleigh.
Thank you for your daily diligence and insight. I have learned much from you and the team.
Courage, brother.
/Rick
Since you will be in Baltimore be sure to go to Inner Harbor. The Baltimore aquarium is beautiful.
Francie was pretty shocked I posted this but our dear readers need to know why I can't post sometimes.
That photo of her was taken 3 years ago and her beauty is timeless. We've been married for 32 + years. You must think I robbed the cradle literally.
As to the smart ass who wondered what a pretty lady like this was doing with a beast like me........that's been said before and the last guy that said it....well, you don't wanna know.
What sort of low life, white trash scum, would give negative comments (thumbs down) to those like myself and others, who are wishing Dave and his wife only the very best during times of distress?
Screw you, you pathetic people. Go back in your holes where you belong. If it were not for the internet, you would live your useless lives out and be gone from this earth, and no one would ever care anyway.
On May 07 10:44 AM Speakeasy wrote:
> Dave, great work! Always enjoy your insight and my thoughts are with
> your lovely wife and family. I also want to urge your readers to
> visit
> cprrights.com as some may not be aware that sandwiched in the Pork
> /"Stimulus" bill was a section dealing with the next goal of the
> Obama administration is Universal Healthcare which will ration our
> healthcare and put medical decisions impacting our lives in the hands
> of a govn. controlled panel.
We met you at the Proshares seminar In Bethesda MD this January and truly enjoyed your seminar there-we are the crew with Metropolitan Capital Strategies in Virginia. We enjoyed spending time with you and Francie. We send our best to both of you and if you need anything while in Baltimore, give us a call. Godspeed-Sharon, Dave S., & Conrad
We enjoy your postings so much!
I personally enjoy your postings. Regards, Ed.
All the best to you and your family through this trying time.
Money doesn't matter next to health and I know that Francie will find her way back to a healthy future.
All the best,
John
the best of all for you and your family, your strong and postive attitude are all you need.
There is a company from Canada that trades on the NYSE?
Oncolytics (sp) ONCY
not to make money but they have a drug in trials that stops cancer from jumping to other organs?
when they cure one the problem usually is that it has spread.