Seeking Alpha
, ETF Digest (215 clicks)
Newsletter provider, portfolio strategy, ETF investing
Profile| Send Message|
( followers)

D Fry Market Outlook 03 05 2007
BIG WEDNESDAY at Pounders Beach, Laie, Hawaii [Oahu]
[Photo courtesy of family friend Chris Spezzano]

A now-and-again signature of bull markets are weaker Mondays and Fridays with stronger mid-week averages. Wednesday's bounce was more powerful than Tuesday's, and the NASDAQ recouped most of the losses it incurred on Monday. It was Big Wednesday man!

[Oh, and by way, I used to body surf this beach when it was "right" many years ago. Today, I'd break every bone in my body!]

So, what was the good news? Damned if I know! There was more buy-out activity, and folks threw aside the crummy employment number to focus on better factory orders. Always look on the bright side please.

D Fry Market Outlook 03 05 2007_001

D Fry Market Outlook 03 05 2007_002

D Fry Market Outlook 03 05 2007_003

D Fry Market Outlook 03 05 2007_004

Elsewhere, crude oil dropped again today as supply data hurt prices.

D Fry Market Outlook 03 05 2007_005

D Fry Market Outlook 03 05 2007_006

D Fry Market Outlook 03 05 2007_007

D Fry Market Outlook 03 05 2007_008

D Fry Market Outlook 03 05 2007_009

D Fry Market Outlook 03 05 2007_010

D Fry Market Outlook 03 05 2007_011

D Fry Market Outlook 03 05 2007_012

Let's go overseas, and this is the cheapest way to go I'm aware of...

D Fry Market Outlook 03 05 2007_013

D Fry Market Outlook 03 05 2007_014

D Fry Market Outlook 03 05 2007_015

D Fry Market Outlook 03 05 2007_016

D Fry Market Outlook 03 05 2007_017

D Fry Market Outlook 03 05 2007_018

D Fry Market Outlook 03 05 2007_019

D Fry Market Outlook 03 05 2007_020

D Fry Market Outlook 03 05 2007_021

D Fry Market Outlook 03 05 2007_022

D Fry Market Outlook 03 05 2007_023

D Fry Market Outlook 03 05 2007_024

D Fry Market Outlook 03 05 2007_025

Enough from Big Wave Dave! Ah, to be young again and back on the beaches of Hawaii letting my skin cancer slowly develop. Sun screen in those days? Are you kidding!?!

So the bulls had a good day and I guess all things considered so did we. The markets may tense-up before Friday's employment number. But then that's punditry, and I'm supposed to leave that to others.

Disclaimer: Among other issues, the ETF Digest maintains long or short positions in: NASDAQ 100 Trust Shares ETF (QQQQ), First Trust DJ Internet Index ETF (NYSEARCA:FDN), PowerShares Dynamic Semiconductor (NYSEARCA:PSI), PowerShares Dynamic Biotech & Genome (NYSEARCA:PBE), streetTRACKS Gold Trust ETF (NYSEARCA:GLD), PowerShares DB Commodity Index Tracking Fund (NYSEARCA:DBC), S&P 500 Index (NYSEARCA:SPY), MidCap SPDRs ETF (NYSEARCA:MDY), iShares Russell 2000 Index ETF (NYSEARCA:IWM), iShares MSCI EAFE Index Fund ETF (NYSEARCA:EFA), iShares MSCI Germany Index Fund (NYSEARCA:EWG), iShares MSCI Netherlands (NYSEARCA:EWN), iShares MSCI Emerging Markets ETF (NYSEARCA:EEM), iShares S&P Latin America 40 Index Fund (NYSEARCA:ILF), iShares MSCI Brazil Index ETF (NYSEARCA:EWZ), iShares MSCI Canada Index ETF (NYSEARCA:EWC), iPath MSCI India ETN (NYSEARCA:INP), iShares Trust FTSE-Xinhua China 25 Index Fund (NYSEARCA:FXI), iShares MSCI South Korea Index Fund ETF (NYSEARCA:EWY), iShares MSCI Australia Index Fund (NYSEARCA:EWA), iShares MSCI Japan Index ETF (NYSEARCA:EWJ), First Israel Fund Inc. (NYSEMKT:ISL).

Source: David Fry's Market Outlook for Thursday