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David Fry
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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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  • CENTRAL BANKS & DATA STOKE BULLS 3 comments
    Feb 16, 2012 7:21 PM | about stocks: SPY, IWM, QQQ, AAPL, NTAP, XLK, AMZN, FDN, NVDA, AMAT, SOXX, GM, XLI, JWN, XRT, XLB, VNQ, MS, C, BAC, KBE, KRE, XLF, IEF, UUP, FXE, FXA, GLD, GDX, SLV, JJC, DJP, USO, UGA, IXC, EEM, EWJ, EWC, EWG, EWH, EWY, ILF, EPI, GXC

    Jobless Claims (348Kvs 365K expected and prior 358K); Housing Starts (.699M vs .675M and prior .657M) & Building Permits (.676M vs .684M expected and prior .671M); and, Philly Fed (10.2 vs 9.5 expected and prior 7.3). These were all good reports.

    Moody's like other rating ("ratting"?) agencies states it will lower ratings on 17 major banks from JP Morgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS). It's hard to trust rating agencies given their habit of being late to the obvious. They're the most fee-conflicted organizations on the planet. Despite Moody's warnings all the mentioned bank stocks rallied powerfully.

    General Motors (NYSE:GM) earnings ($.39 vs $.42 expected) report falls short of expectations but the stock rallies over 8%, Nvidia (NASDAQ:NVDA) reported results that missed and offered future guidance below expectations but the stock reversed heavy losses to close up over 1% on analysts' "hopes"; and, after the close results from Nordstrom (NYSE:JWN) $1.11 vs $1.09 expected (stock lower late), NetApp (NASDAQ:NTAP) reported earnings that much lower than a year ago but "after adjustments" matched estimates so naturally the stock rallied over 7%. Lastly, Applied Materials (NASDAQ:AMAT) reported substantially lower earnings but beat expectations and the shares were 4% higher late.

    We can't go a day without discussing the Greek situation now can we? European shares fell early as EU finance ministers didn't like Samara's postscript that "adjustments" to their agreement may be necessary. But later conditions reversed course on a report the ECB would exchange Greek bonds for new securities. Translated this means Greek junk sovereigns will now be the property of the central bank and they'll have to pretend they don't exist for a long time.

    <READ MORE>

    Themes: ETF Stocks: SPY, IWM, QQQ, AAPL, NTAP, XLK, AMZN, FDN, NVDA, AMAT, SOXX, GM, XLI, JWN, XRT, XLB, VNQ, MS, C, BAC, KBE, KRE, XLF, IEF, UUP, FXE, FXA, GLD, GDX, SLV, JJC, DJP, USO, UGA, IXC, EEM, EWJ, EWC, EWG, EWH, EWY, ILF, EPI, GXC
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Comments (3)
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  • untrusting investor
    , contributor
    Comments (9966) | Send Message
     
    Dave,
    Good summary as always. If we can ask, where do you get your daily market share volume from for each exchange? Are there any free sources of such total share volume information that you are aware of? Thanks for any information.
    17 Feb 2012, 09:03 PM Reply Like
  • David Fry
    , contributor
    Comments (451) | Send Message
     
    Author’s reply » I get it from the WSJ. It's not free.

     

    Yahoo/Finance has it freely available.
    23 Feb 2012, 07:23 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9966) | Send Message
     
    Dave,
    OK thanks. Did not know Yahoo had the volume. But just checked and saw it on the market overview section. Thx.
    23 Feb 2012, 11:06 PM Reply Like
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