UDN - but it's kind of thinly traded, but not terribly so. http://finance.yahoo.com/q?s=udn. I don't see any ultras.
UDN - but it's kind of thinly traded, but not terribly so. http://finance.yahoo.com/q?s=udn. I don't see any ultras.
-- Tom | My Trades
ETF Rewind - Week 9 (02/27/09)
(Click image to enlarge)
http://marketrewind.blogspot.com/
Lady
If you think education is expensive, try ignorance. - Derek Bok
Looks like a big 'ol gap up this morning, although it is not a gap on the chart. I'll be watching yesterday's S&P high of 711.67 for clues.
I believe we've been down something like 11 of the last 12 days, or something, and there is a gap open at 734.50. Perhaps that is a target?
I actually hope not. I am short BGU (3 X bull) this morning and if we do see a higher high over yesterday, I will start looking for the exit. I am using a "mental stop" just so the MM's don't go hunting.
-- Tom | My Trades
I can't help to wonder, is there too much news? I know many are talking about and expecting a big wooosh, but if everyone already expects it, will it happen?
So many folks throw up comparisons to previous bear markets but one thing is different. During this bear market, we have an unprecedented level of world-wide news.
I have 2 TV channels dedicated solely to the markets. And if that isn't enough, I can download pod cast and watch them on my phone. Or perhaps I'm too busy to watch anything, so I download some MP3s and listen to those instead.
Don't even get me started on the Internet! We literally have thousands of news sources, forums, bloggers, fundamentalist's, and technicians to choose from.
But yea I'm still waiting for the wooosh![]()
Candlestick crack addict...
Anyone found a good ETF for copper? The only thing I've found is JJC, a sparsely traded ETN. Or is a base metals ETF still our best bet if we want to look at copper?
Lady
If you think education is expensive, try ignorance. - Derek Bok
-- Tom | My Trades
The gap on the S&P 500 near 734 has been filled (today's high is 734.91). If the market doesn't stall here, a move to 740-745 (741 is resistance) would be about all I would expect.
-- Tom | My Trades
Has anyone else noticed that ICE had a P&F triple top breakout yesterday? Any thoughts?
Lady
If you think education is expensive, try ignorance. - Derek Bok