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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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  • QUAD-WITCHING & OTHER NONSENSE  0 comments
    Mar 19, 2010 6:51 PM | about stocks: SPY, MDY, IWM, QQQ, FDN, GOOG, PALM, XLB, XLY, XLI, XLF, KBE, IYT, SEA, IYR, XLU, IVE, IEF, TLT, BWX, FXE, FXY, GLD, DBC, UNG, XLE, DBB, XME, EFA, EEM, EWJ, EWA, EWC, EWZ, RSX, EPI, FXI

    March 19, 2010


     
    QUAD-WITCHING & OTHER NONSENSE

    Quad-witching fun and games often obscure other issues.  This type of day is loaded with mechanical gyrations that have zero to do with fundamentals.  It’s particularly true as the trading day ends since many are scrambling about trying to meet and match their delivery obligations.   It’s just the way things work and Friday was no exception.

    But, there was more serious news as India raised its interest rates and many now are saying the Fed will increase the Discount Rate yet again before their next meeting.  Further, the health care bill is theoretically (I’ll believe it when I see it) heading toward a conclusion on Sunday.  Many are starting to believe it will cause a major market sell-off.  I’m ambivalent regarding the latter since, despite Friday’s action, the tape is in good shape and many think a bill (whatever the hell it is) will pass.

    There are also Treasury bond auctions on tap and...READ MORE!

    Sign up to receive free Dave's Daily notifications sent to your email address only at http://www.etfdigest.com 
    Stocks: SPY, MDY, IWM, QQQ, FDN, GOOG, PALM, XLB, XLY, XLI, XLF, KBE, IYT, SEA, IYR, XLU, IVE, IEF, TLT, BWX, FXE, FXY, GLD, DBC, UNG, XLE, DBB, XME, EFA, EEM, EWJ, EWA, EWC, EWZ, RSX, EPI, FXI
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