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
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SANTA JAMS MARKETS INTO THE CLOSE 0 comments
There wasn’t much good news in the data released Friday. Durable Goods missed estimates ex-transports; Personal Income and Outlays also missed and continued to show declining income especially; and New Home Sales were higher by 1.6% which was in line with estimates. The congressional tax impasse was broken as most thought it would but that didn’t stop headline writers from trying to find a reason for the rally. Most headlines centered on the major indexes closing in the green for 2011 which is quite an achievement given the overall news coupled with low / near bear market levels just a month or two ago.
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