Re: Market Talk April 2009
Quote:
Originally Posted by
etftalk
I see financials are the top 4-week gainer. That's about how long I've owned FAZ. :eek:
I finally cut my losses and dumped FAZ at a considerable loss. But those precious metals ETFs that have 'softened'? They make up a third of my portfolio, even after I sold my GTU last week. :sick: I'm going to lighten up, either by selling my gold miners or some of my SLV.
I'm looking hard at a small caps value ETF and maybe a REIT. Anyone else looking in those directions? I'd love your comments pro or con!
Lady
Re: Market Talk April 2009
Is today's sell-off another short pullback, like we saw last week, or is this the start of the next leg down? Hard to say for sure, but earnings will likely be the key.
In a bear market we'd normally sell any two-day rally in stocks. If the market can rebound again after another day or two of selling, perhaps we'll have to take the bullish a little more seriously.
Re: Market Talk April 2009
Interesting candlesticks today, but too much choppyness for my taste. As usual, I'm waiting for confirmation and getting sick and tired of being sick and tired :rolleyes:
Attachment 106
Re: Market Talk April 2009
Oscar was buying the dips today so he expected some sort of intraday rally. I thought about lighten up on some of those short ETF's but I am not convinced that the market can rally from here, although Ebb and Fred do have ETF buy signals for Tuesday.
Re: Market Talk April 2009
Quote:
Originally Posted by
etftalk
Oscar was buying the dips today so he expected some sort of intraday rally. I thought about lighten up on some of those short ETF's but I am not convinced that the market can rally from here, although Ebb and Fred do have ETF buy signals for Tuesday.
I am watching and waiting for the earnings to come in. If this rally extends with poor earnings then I will probably dump my shorts. For some reason, the market seems to want to defy gravity. Earnings should move the market one way or the other. Then again, maybe the market will ignore the earning and continue higher. Seems like the market has been ignoring much of the bad news lately.
Re: Market Talk April 2009
Is this sell-off because of Soros' statement, are we falling on news, or is this the market finally realizing it is overbought in a bear market?
http://www.bloomberg.com/apps/news?p...QlA&refer=home
Re: Market Talk April 2009
Is it just me, or are financials acting stronger than the markets?
Re: Market Talk April 2009
Yes they are. XLF only down 1.6%. SPY down 2.4%. :mad:
I may start to lighten up on FAZ and add to my BGZ. Or better yet, short BGU for the leverage ETF reasons we talked about.
Re: Market Talk April 2009
Quote:
Originally Posted by
JTH
Is it just me, or are financials acting stronger than the markets?
Quote:
Originally Posted by
etftalk
Yes they are. XLF only down 1.6%. SPY down 2.4%. :mad:
And the Naz is down most of all. So much for my Q's. I'm starting to feel like a contrarian indicator. :rolleyes: Went to the dentist today. So far, my root canal was the best thing that has happened to me today.:nuts:
Lady
Re: Market Talk April 2009
Quote:
Originally Posted by
XL-entLady
Went to the dentist today. So far, my root canal was the best thing that has happened to me today.:nuts:
Lady
:laugh::laugh: