David Fry

Tuesday Outlook: Déjà vu All Over Again

Thanks everyone!

Friday Outlook: Bulls in Charge?

j4thelonghaul: You're not missing a thing and your comments along with others are why we've been 90% in cash.

David Fry's Market Outlook For Wednesday

Your observations are correct and perhaps your sentiments may prove correct as well. RSI's are reliable only from a short-term perspective in my opinion. They can remain overbought for extended time periods particularly when viewed from either weekly or monthly charts. But, if you've got an itch, scratch it.

David Fry's Market Outlook for Friday

DJ........CEFs are just being avoided in favor of ETFs. Makes sense wouldn't you agree? We use CEFs when there is no ETF alternative. We did that IFN and then TRF for example. When an ETF was issued the premiums disappeared. We're involved with TKF but also understand an ETF is in registration. When it's issued, we'll switch most likely.

Frank.... China's economy grew at 11.9% in last period so it doesn't take much rocket science to make that judgment. Add to that India et al and you've got some healthy demand for raw materials. As to CAT, that doesn't figure in directly to "materials". Construction is slower in the States and, despite the weak dollar, the yen is also weak so maybe Asian buying for equipment is from Japan. Am I misunderstanding your question?

David Fry's Daily Market Outlook

I would recommend you go to our home page [etfdigest.com] and, if you have the time, listen to the podcast interview with Emerging Markets Monitor [London] as they gush about the "convergence story" where overseas markets aren't separating from the US but catching up.