David Fry's Daily Market Outlook

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Includes: CEF, EWP, FXI, ILF, QQQ, USO, XHB
by: David Fry

Today markets responded to positive comments from the Fed's Fisher who basically said the economy is strong.

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

Investors are always curious about overbought market conditions and just how long they can last in that condition. Some overseas markets remind me of the 1995-1999 period in U.S. markets. Examine the "monthly" charts below and you'll note similarities between the NASDAQ then and iShares S&P Latin America 40 Index (NYSEARCA:ILF) today which featured extended overbought conditions that persisted for a period beyond most pundits' ability to predict. However, the longer these conditions persist, the sharper the correction when it finally occurs.

DFry Market Outlook 14-11-2006

DFry Market Outlook 14-11-2006

Have a pleasant evening.

Disclaimer: The ETF Digest maintains positions in: streetTRACKS Gold Trust ETF (NYSEARCA:GLD), Central Fund of Canada (NYSEMKT:CEF), PowerShares WilderHill Clean Energy ETF (NYSEARCA:PBW), iShares S&P Europe 350 Index (NYSEARCA:IEV), iShares MSCI Spain Index ETF (NYSEARCA:EWP), iShares MSCI Mexico Index ETF (NYSEARCA:EWW), iShares FTSE/Xinhua China 25 Index (NYSEARCA:FXI), iShares MSCI Malaysia Index (NYSEARCA:EWM), iShares MSCI Australia Index (NYSEARCA:EWA), India Fund Inc. (NYSE:IFN) and iShares S&P Latin America 40 Index (ILF).