Wednesday Outlook: Commodities, Emerging Markets

<< Return to page 1 - Bears in Command






















































Stocks are oversold based on the cumulative selling, as noted by the McClellan Oscillator. Despite the drumbeat of bad news, sellers can become exhausted and leave themselves prey to a short-squeeze. Such an event would need a catalyst. Where would that come from? Of course energy, housing, consumer sentiment and better economic data would be important, but you know that.

It’s good to be back. Have a pleasant day.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in SDS, SCC, SIJ, SRS, IYR, TBT, EFA, EFU, IEV, EEM, EEV, ILF, EWZ, DRR, DZZ, GLD, DBA, DBP and FXP.

Comments

[22342]

Is this guy ever positive??

[PCScipio]

He calls 'em likes he sees 'em.

Welcome back, David.

[dukeb]

Amen to your Cramer comment...but that guy does understand his audience, doesn't he? (Crud between the ears calls for crud from TV. I wonder which came first.)

[smithoos]

Cramer is primarily a TV entertainer and his audience gets what they want: bells, whistles, booms and smoke. He's the P.T. Barnum of Wall Street. People should - but don't - know that when they click to CNBC for his show.

[parnelli96]

What happened with, "But the week's not over" ???

[Wez]

Long COW, short ILF. Hopefully a no brainer in hindsight.