Seeking Alpha

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:
The Best ETFs: U.S. Equities (A Companion Guide To Building Your ETF Portfolio)
  • MONDAY MARKET BLUES 0 comments
    Apr 23, 2012 8:59 PM | about stocks: IWM, QQQ, NFLX, FDN, XLY, XLB, IEF, UUP, FXB, FXE, GLD, GDX, SLV, JJC, DBC, USO, EFA, IEV, EWQ, EWG, EWN, EWZ, RSX, EPI, FXI, XBI, SPY

    openingimage

    Eurozone issues stole the show on Monday… again. An austerity deal in the Netherlands hit a stalemate, meaning the country could lose its AAA rating. In France election results weren't kind to Sarkozy and it's uncertain, especially with the strong right wing showing, how the final vote on May 6th will work out. If Sarkozy loses and the socialist Hollande wins then the financial alliance for the EU between France and Germany could be undone. To make matters worse Monday, the eurozone reported the important PMI (Purchasers Managers Index) at weak 47.4 vs expectations of 49.3 and prior 49.1. China also reported another weak manufacturing survey also at 49.1. Toss-in recent U.S. data and the three important regions in the world are experiencing clear economic contraction.

    <READ MORE>

    Stocks: IWM, QQQ, NFLX, FDN, XLY, XLB, IEF, UUP, FXB, FXE, GLD, GDX, SLV, JJC, DBC, USO, EFA, IEV, EWQ, EWG, EWN, EWZ, RSX, EPI, FXI, XBI, SPY
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

StockTalks

More »

Latest Comments


Posts by Themes
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.