Seeking Alpha

David Fry's  Instablog

David Fry
Send Message
David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
My company:
ETF Digest
My blog:
Dave's Daily
My book:
The Best ETFs: U.S. Equities (A Companion Guide To Building Your ETF Portfolio)
  • FEAR REMAINS WITH INVESTORS 0 comments
    Nov 10, 2011 8:05 PM | about stocks: IWM, QQQ, AAPL, XLK, CSCO, IGN, XLB, KRE, KBE, XLF, XLI, XLV, XRT, XLU, IYT, IYR, IEF, TLT, HYG, UUP, FXE, GLD, SLV, DBB, JJC, DJP, JJG, DBA, USO, UGA, XLE, EFA, IEV, EEM, EWJ, EWA, EWC, EWY, EWG, EWI, EWQ, EWZ, RSX, EPI, FXI, SPY

     
     

    Rapidly changing news cycle, combined with HFT algos, is driving investors' nuts. This makes it difficult to cope with the super-charged volatility. It's like Shatner seeing something on the wing. The situation in the eurozone is driving volatility and it waxes and wanes with reality and spin.

    Jobless Claims data came in better than expected at 390K vs the obligatory 400K consensus. As has been routine, previous data was revised higher from 397K to 400K, and given this pattern, you should expect current data revised higher next week. The Trade Deficit improved slightly but most of that was bizarrely attributed to gold purchases.

    Serial disappointer, Cisco Systems (NASDAQ:CSCO) reported earnings beat (after obligatory "adjustments") analysts' forecasts by eliminating jobs primarily. They also slightly raised their future guidance perhaps by eliminating even more jobs.

    Stocks rallied Thursday on a combination of overdone selling, tamer news from the eurozone (the Italians were actually able to sell bonds at 6.90% & France retained its AAA rating), Jobless Claims and Cisco's report. However, after being much higher a good portion of the gains were given back as tech lagged badly despite Cisco's report. It seems Apple (NASDAQ:AAPL) is seeing a potential decline in iPad shipments as gleaned via a drop in supplier orders.
     

    ...READ MORE

    Subscribe to our RSS feed  
    Stocks: IWM, QQQ, AAPL, XLK, CSCO, IGN, XLB, KRE, KBE, XLF, XLI, XLV, XRT, XLU, IYT, IYR, IEF, TLT, HYG, UUP, FXE, GLD, SLV, DBB, JJC, DJP, JJG, DBA, USO, UGA, XLE, EFA, IEV, EEM, EWJ, EWA, EWC, EWY, EWG, EWI, EWQ, EWZ, RSX, EPI, FXI, SPY
Back To David Fry's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.