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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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ETF Digest
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Create Your Own ETF Hedge Fund, a DIY ETF Strategy for Private Wealth Management.
  • MARKETS ARE GETTING TIRED 0 comments
    Feb 22, 2012 7:44 PM | about stocks: SPY, IWM, QQQ, DELL, HPQ, MSFT, XLK, ADI, SOXX, TOL, ITB, IYR, TJX, XLY, XLI, XLB, BAC, KBE, IEF, UUP, FXE, GLD, GDX, SLV, JJC, DJP, USO, USL, IXC, EFA, EEM, EWJ, EWA, EWY, THD, EWZ, RSX, EPI, FXI


    Clearly it's hard for markets to consistently produce 3%-5% monthly returns without taking a break. This is what we're now seeing absent-more positive news. Jobless Claims data Thursday should shed some light on conditions as will next week's Employment Report which needs to verify a better trend in conditions. Gallup is projecting an unemployment rate in excess of 9% again although they don't seasonally adjust like the BS BLS does.

    We read yesterday some breathless financial commentators remarking that mutual funds showed the first positive fund flows since the previous January. That's a nice assertion, but January is always a time for people to invest for their IRA or 401K and so forth. Surprisingly ETF fund flow data from the previous bullish week showed $1.2 billion in outflows for both equity and bond sectors.

    <READ MORE>

    Stocks: SPY, IWM, QQQ, DELL, HPQ, MSFT, XLK, ADI, SOXX, TOL, ITB, IYR, TJX, XLY, XLI, XLB, BAC, KBE, IEF, UUP, FXE, GLD, GDX, SLV, JJC, DJP, USO, USL, IXC, EFA, EEM, EWJ, EWA, EWY, THD, EWZ, RSX, EPI, FXI
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