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:
Create Your Own ETF Hedge Fund, a DIY ETF Strategy for Private Wealth Management.
  • ETF Midweek Peek: Extended Melt Up & Hard Selloff 0 comments
    Apr 4, 2012 3:57 PM | about stocks: NUGT, GAZ, UVXY, XLP, EWM

    This week's report comes at a fulcrum of an over extended melt up and a hard selloff. Bernanke's statements (Fed minutes) of not initiating a QE3 imminently, was devastating news to the bulls salivating over the prospect of "free money". With the end-of-quarter fees made by fund managers and the monthly IRA contribution in the market on Monday, there was little hope for a catalyst to sustain this historic run up.

    Market moves like this can actually be a good thing. In essence, Bernanke pulled back the curtain to expose reality in the market. A financial Darwinism takes place and the weakest are the hardest hit. Many of these were issues getting a free ride on AAPL's parabolic move (two indices I refer to as the S&P499 and the Nasdaq 99).

    Top Performers This Week

    (click to enlarge)


    Stocks: NUGT, GAZ, UVXY, XLP, EWM
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


More »

Latest Comments

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.