Market Currents
Friday, September 4, 2009
1:25 PM
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Sector ETF strength: Semis– IGW +2.5%. Transports– IYT +2.4%. Homebuilders– XHB +2.2%. Nasdaq– QQQQ +2%. Industrials– XLI +2%.
Sector ETF weakness: Agriculture– DBA -2.3%. Heating Oil– UHN -1.6%. Gasoline– UGA -0.6%. Commodities– DBC -0.5%.
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As we have been saying since St. Patrick's Day; "All the surprises are on the upside"
While everyone else is getting a tan and drinking beer because "the market is like watching paint dry" , I'm glued to the screen. This is exciting for a technical trader.