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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
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)
  • STOCK MARKET GROUNDHOG DAY 0 comments
    Apr 22, 2010 6:56 PM | about stocks: SPY, MDY, IWM, QQQ, MSFT, AMZN, QCOM, XLY, SBUX, XLF, KBE, GS, XHB, IYR, XLV, DVY, IEF, TLT, FXE, GLD, DBC, XLE, DBB, XME, DBA, EFA, EEM, EWJ, EWY, EWA, EWC, EWZ, RSX, EPI, FXI

    STOCK MARKET GROUNDHOG DAY

    Markets were down hard early today only to reverse course with more style than even yesterday’s “stick save”. Most observers were at a loss to explain the rebound with one saying: “It has paid to buy pullbacks, since the market has done pretty well.”  Duh!  He continued to comment when Greek troubles came up and answered: “It’s like high oil prices, some days you walk in and it doesn’t matter.”  Whew! I’m not worried now.

    The bottom line remains Fed monetary policy and the after effects of bailouts, also known as “the punchbowl” are still the bull’s motivation. While this is still in place trading desks know what to do—ignore bad news, cherry pick good news and buy. So, move along cowboy, nothing to see here....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, MSFT, AMZN, QCOM, XLY, SBUX, XLF, KBE, GS, XHB, IYR, XLV, DVY, IEF, TLT, FXE, GLD, DBC, XLE, DBB, XME, DBA, EFA, EEM, EWJ, EWY, EWA, EWC, EWZ, RSX, EPI, FXI
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