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Thread: Market Talk April 2009

  1. #11

    Join Date
    Feb 2009
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    Default Re: Market Talk April 2009

    Quote Originally Posted by etftalk View Post
    I see financials are the top 4-week gainer. That's about how long I've owned FAZ.
    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. 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
    If you think education is expensive, try ignorance. - Derek Bok

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  3. #12

    Join Date
    Dec 2007
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    906

    Default 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.
    -- Tom | My Trades

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  5. #13

    Join Date
    Feb 2009
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    415

    Default 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

    Attachment 106
    Last edited by JTH; 05-11-2009 at 09:50 PM.
    Candlestick crack addict...

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  7. #14

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    Dec 2007
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    906

    Default 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.
    -- Tom | My Trades

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  9. #15

    Join Date
    Jan 2009
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    215

    Default Re: Market Talk April 2009

    Quote Originally Posted by etftalk View Post
    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.

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  11. #16

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    Default 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
    -- Tom | My Trades

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  13. #17

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    Default Re: Market Talk April 2009

    Is it just me, or are financials acting stronger than the markets?
    Candlestick crack addict...

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  15. #18

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    Default Re: Market Talk April 2009

    Yes they are. XLF only down 1.6%. SPY down 2.4%.

    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.
    -- Tom | My Trades


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  17. #19

    Join Date
    Feb 2009
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    654

    Default Re: Market Talk April 2009

    Quote Originally Posted by JTH View Post
    Is it just me, or are financials acting stronger than the markets?
    Quote Originally Posted by etftalk View Post
    Yes they are. XLF only down 1.6%. SPY down 2.4%.
    And the Naz is down most of all. So much for my Q's. I'm starting to feel like a contrarian indicator. Went to the dentist today. So far, my root canal was the best thing that has happened to me today.

    Lady
    If you think education is expensive, try ignorance. - Derek Bok

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  19. #20

    Join Date
    Dec 2007
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    906

    Default Re: Market Talk April 2009

    Quote Originally Posted by XL-entLady View Post
    Went to the dentist today. So far, my root canal was the best thing that has happened to me today.

    Lady
    -- Tom | My Trades

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