Tuesday Outlook: Keeping a System in Place

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Includes: DBV, FAS, FDN, FXA, IEF, IWM, IYR, IYT, KBE, KCE, KIE, LQD, MDY, QQQ, RSP, SPY, TIP, TLT, UDN, UUP, UYG, XLB, XLF, XLI, XLY
by: David Fry

April 13, 2009



The line above from the Eagles' “Tequila Sunrise” seems apt if you hate this market but still must stay systematic. Three Mondays in a row we open lower and close higher than the open, making doing so a profitable exercise.

Today seemed all about getting the banks healthy (I gag at the ongoing cover-up and Ponzi scheme) and helping Goldman Sachs (NYSE:GS) get a deal done.

With most European markets closed today, volume remains quite low and breadth was neutral.






















































































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