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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
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)
  • WINDOW DRESSING TIME 0 comments
    Nov 30, 2009 7:32 PM

    MARKET COMMENT

     

    November 30, 2009

     

     

    WINDOW DRESSING TIME

     

    The headline at MarketWatch screams, “Bulls win big in November” and that’s just the kind of headline Da Boyz can engineer on the last day of the month when portfolio performance gets marked.  The rationale for a late market rally was based primarily on the belief Dubai’s situation is “contained”…so, no worries folks. 

     

    Meanwhile, Black Friday shopping wasn’t great as sales were reported as up only .5% from last year’s miserable readings.  Online sales increased 16% but still only constitute 4% of total sales.  On a positive note as the Chicago PMI came in better than expected meaning the recovery is still progressing so they say.

     

    Volume was light again as perhaps traders were late to return from the holiday.  Breadth was unremarkable once again.



    READ MORE!
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