Thursday Outlook: Commodities, Emerging Markets

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 |  Includes: DBA, DBB, DBC, EEM, EFA, EWZ, FXE, FXI, GLD, IEF, IFN, MOO, RSX, SLX, UDN, USO, UUP, XLE
by: David Fry





















































Bulls managed to keep everything “contained” yesterday in the midst of lousy news. Oracle's (NYSE:ORCL) miss on revenues may make bulls work harder, but they’ve managed to do it before. Thursday is GDP data: let’s see how they spin it.

Clearly, bulls and the vested interests [think fee and advertising revenues] want to put the best face on the quarter as possible. For bears this is a tough fight. There are only three trading days left and paint supplies are running low.

Have a pleasant day.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, MYY, RWM, IWM, PSQ, IEF, GLD, USO, UDN, FXE, EFA, EEM and FXI.