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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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ETF Digest
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Dave's Daily
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The Best ETFs: U.S. Equities (A Companion Guide To Building Your ETF Portfolio)
  • FRIDAY NEVER HAPPENED 0 comments
    Apr 20, 2010 7:03 PM | about stocks: SPY, MDY, IWM, QQQ, AAPL, GS, AMZN, BBRY, GOOG, HOG, XLY, XLB, IYT, XLF, IYR, IEF, TLT, LQD, FXE, GLD, DBC, DBB, XME, DBA, EFA, EEM, EWY, EWJ, EWA, EWC, EWZ, RSX, EPI, FXI
     

    FRIDAY NEVER HAPPENED

    Perhaps Friday was just a “one-off” options expiration, GS fraud, Google earnings confusion, overbought kind of day? So let’s forget it happened and get back to normal. What’s normal? Light volume rally days and beyond that—I know nothing.

    The news yesterday sparking a rally was the SEC vote was only 3-2 in favor of the lawsuit against Goldman. That meant GS would win to bulls.

    Tuesday is more about earnings which are trumping any worries over Greece and Goldman. Even Harley Davidson, the ultimate discretionary toy, beat estimates as are most other companies. And Goldman Sachs beat earnings by a mile thanks to (you guessed it) strong trading results. Further Apple just announced results that were way ahead of estimates. This really makes you wonder how qualified Wall Street analysts are in doing their jobs since no one has come close to accurate calls about much. They also seem stuck with...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, AAPL, GS, AMZN, BBRY, GOOG, HOG, XLY, XLB, IYT, XLF, IYR, IEF, TLT, LQD, FXE, GLD, DBC, DBB, XME, DBA, EFA, EEM, EWY, EWJ, EWA, EWC, EWZ, RSX, EPI, FXI
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