Friday Outlook: Don't Check Under the Hood

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Includes: DBA, DBC, DBP, DVY, GLD, IEF, IWM, IYR, MDY, SPY
by: David Fry


How many times have you seen a headline like this over the past few years? Lots of times I’ll bet. And, when you saw it, how many times did you embrace it as true? Not many probably.




















Meanwhile, back at the stock market it seems some of the sentries left behind wasted some ammo bidding stocks higher early, only to see them fade -- and then a “stick save” toward the close.





Is the market oversold? It was “heading” in that direction, but at least looking at the McClellan Oscillator it seems we're in neutral.





Despite the “nowheresville” look to headline indexes, look at the underbelly of the market and things look terrible.


















Go to part 2 »