Wednesday Outlook: Commodities, Emerging Markets

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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??

2008 Jun 25 08:35 AM

[PCScipio:]

He calls 'em likes he sees 'em.

Welcome back, David.

2008 Jun 25 10:02 AM

[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.)

2008 Jun 25 10:22 AM

[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.

2008 Jun 25 12:38 PM

[parnelli96:]

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

2008 Jun 25 01:44 PM

[Wez:]

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

2008 Jun 25 07:03 PM