CONFUSED MARKETS

Apr. 18, 2012 8:10 PM ETSPY, IWM, QQQ, AAPL, IBM, XLK, INTC, SOXX, BAC, XLF, DD, XLB, KO, XLY, CAT, XLI, IEF, HYG, MUB, UUP, FXE, FXY, GLD, GDX, SLV, JJCTF, DBC, USO, UGA, XLE, DBA, EFA, EEM, EWJ, EWU, EWG, EWP, EWY, VNM, EWZ, RSX, EPI, FXI1 Comment
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David Fry's Blog
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Portfolio Strategy, ETF investing

Contributor Since 2005

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 actionable advice on global ETF investing. We particularly like the overview of financial markets that his work provides. Even if you're not a fan of chart analysis, Dave provides insight and commentary into which global markets are "working" and why. Specializing as a market strategist and tactician, Fry focuses on evaluating, creating and implementing a variety of ETF portfolios for individual investors and financial professionals. His philosophy and approach incorporates fundamental with technical analysis in pursuit of risk management and capital preservation especially during uncertain and volatile times. His new eBook, The Best ETFs: U.S. Equities,is now available on Amazon Kindle. Written as a cheat sheet to only the best ETFs for you or your client’s portfolios. For those that don't have a Kindle, you can purchase the pdf here: The Best ETFs: US Equities [https://gumroad.com/l/The%20Best%20ETFs]

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On second thought, some leading tech names saw heavy profit-taking on Wednesday. IBM and Intel (INTC) saw their shares fall as earnings reports disappointed either on revenue or guidance. Apple (AAPL) still an outsized weighting in tech sector ETFs (QQQ) & (XLK) kept losses from being too great as the shares only sold-off slightly.

Why the selloff Wednesday? You might think the eurozone (again) and you'd be partially right as more bad news dumped rain on the bulls' parade. And that rain was from the plain in Spain? It seems there is more bad Spanish loans and the costs for propping up banks there is soaring. The Argentine takeover of Rapsol's YPF is still reverberating throughout markets there as well. All the news from across the pond wasn't limited to Spain as the Bank of England has decided there will be no more QE in the UK for now. Bulls don't like anything like that certainly.

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