Friday Outlook: Commodities, Emerging Markets

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 |  Includes: DBA, DBB, DBC, DBE, EEM, EFA, EWY, EWZ, FXI, GDX, GLD, IFN, RSX, UDN, UNG, USO, UUP, XLE
by: David Fry
<< Return to page 1 - Crisis Half Over?































So, things must be better overseas right?






















Today we get employment data and that could put a nail in the coffin for those hoping for a miracle rally. Are things getting oversold? Sure, and we could rally smartly off the support levels outlined in many charts above.

The situation is not good period.

Let’s see what happens.

Have a pleasant weekend.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, MYY, IWM, RWM, TWM, PSQ, QID, RSP, DVY IEF, UDN, GLD, GDX, USO, DBC, DBA, DBE, DBB, UNG and EWZ.