Friday Outlook: Commodities, Emerging Markets

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There was a lot of excitement surrounding various tech stock earnings and last night’s GOOG report may set an even more positive tone today. The interesting thing, of course, is how readily investors are willing to ignore inflation data and ongoing credit/mortgage/housing issues. The powers that be will tell you markets are forward looking and have priced-in all the bad news.

But, if we remain in this trading range then markets will respond more to individual stocks than to specific sectors. If we break out of these trading range boxes as outlined here for the past month or so then it will take more volume and breadth. What will be the catalyst for that to occur?

Have a great weekend.

Disclaimer: Among other issues the ETF Digest maintains a position in SLX.

Comments

[z06kenny]

Thank you so much for your reports! Very very helpful in these days of information overload!

[Nate C]

Hi David--I love the charts. Could you please add Natural Gas to your commodities section (UNG).