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MARKETS RUN OUT OF GAS

|Includes:AAPL, AMZN, BAC, BBRY, BWX, DBA, DBB, DBC, EEM, EFA, EIS, EPP, EWJ, FNI, FXE, FXI, FXY, GLD, GOOG, IEF, IEV, ILF, IWM, IYR, IYT, JJC, KBE, MDY, QQQ, SLX, SPDR S&P 500 Trust ETF (SPY), TLT, TUR, VTI, XLB, XLE, XLF, XLI, XLV, XLY
March 26, 2010
 
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I could make this pretty short but being skimpy isn’t why they pay me the big bucks. Nevertheless, the image above basically sums up the last two days of trading don’t you think? Maybe it’s just profit-taking or the need for more fuel from earnings news starting again next week to give bulls what they need. Or, perhaps bad things can happen over the weekend, oh I don’t know: how about a war on the Korean peninsula?  Was that ship sunk by the North or just having its own accident? The latest news is sketchy and any North Korea role is being played-down.

 

For those interested in leveraged ETFs we completed an interesting broadcast with Andy O’Rourke, Sr. VP Marketing for Direxion Funds.  You may view the video without registration or subscription at this link on our commentary page.   I believe it’s informative......READ MORE!

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Stocks: SPY, VTI, MDY, IWM, QQQ, AAPL, AMZN, GOOG, BBRY, XLF, KBE, BAC, XLV, XLI, XLY, XLB, IYR, IYT, IEF, TLT, BWX, FXE, FXY, GLD, DBC, XLE, DBB, JJC, SLX, DBA, EFA, EEM, EWJ, EPP, ILF, IEV, FNI, FXI, EIS, TUR