MARKET COMMENT
Dave Fry at ETF Digest, April 8, 2009
Things looked a little shaky in two-way action; but Da Boyz stepped-it up late to save the day. It didn’t take much ammo to put on their little show since volume is declining faster than US capitalism.
Volume was anemic as stated while breadth reversed course in a positive manner.
There isn’t a lot more to say today. If I post tomorrow we’ll look at other market sectors unless something crazy happens. If you’re interested in seeing some other markets let me know and I’ll try to give it a shot: email dave@etfdigest.com and that should do the trick.
Let’s see what happens.
Disclaimer: Among other issues the ETF Digest maintains positions in: SPY, MDY, IWM, QQQQ, IGN, IGV, FDN, XLF, XLI, XLY, DBV, DBC, DBA, DBB, DBC, USL, XLE, MOO, EFA, EEM, EWA, ILF, EWZ, and FXI.
The charts and comments are only the author’s view of market activity and aren’t recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren’t predictive of any future market action rather they only demonstrate the author’s opinion as to a range of possibilities going forward.
