David Fry | TalkMarkets | Page 2
Founder & Publisher of ETF Digest and author of the new series, "The Best ETFs"
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Dave Fry is founder and publisher of ETF Digest and best selling author of Create Your Own ETF Hedge Fund, A DIY Strategy for Private Wealth Management published by Wiley Finance in 2008. His new eBook, The Best ETFs: U.S. Equities, A Companion Guide to Building Your ETF Portfolio was released on ...more

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What Evil Lurks In The Hearts Of Men?
Friday markets saw another attempt by some to ramp markets higher at the open. This gave a similar after hours price gap higher which didn’t hold but still allowed markets to recover closing unchanged for the most part.
The Empire Strikes Back
Just Monday I stated the oversold market would see a Turnaround Tuesday reversal. Nevertheless, the power of the empire can be strong especially when its bonus time at the end of the quarter, just two days away.
Brexit Aftershocks
Heavy volume indicates more distribution but now we’re getting short-term oversold and a bounce could happen with Turnaround Tuesday. The bad news keeps hitting markets and investors are pretty freaked-out selling everything that isn’t nailed down.
Polls Fail To Call It Right Again
Believing in the accuracy of polls once again, bulls were slaughtered as the BREXIT vote reversed late polling results calling for an exit vs remain. The shock hit stock markets globally quite hard.
Brexit Campaign Suspension Allows Markets To Rally
Markets were short-term oversold entering Thursday. The assassination of anti-BREXIT MP, Jo Cox, prompted bulls to squeeze shorts as BREXIT was either put off or gave anti-BREXIT forces time to win the day.
The Con From On High Continues
If you believe what Larry Kudlow said on CNBC today, then you’ll agree the real unemployment rate is really closer to 9% than 4.7%. That’s fiction the Fed and government are peddling.
Central Bank Conspiracy
Market action in the U.S. Friday was a shocker, but markets sagged only slightly. And when the “bad news is good” pimps seized the tape many shorts were squeezed and stocks rallied sharply off their lows.
The Invisible Hand Props Markets
Wednesday stocks opened weak once again but then found their footing as given mostly weak economic data and rallied off their lows and closing higher.
Fed Governor Bullard: Friendly Persuasion
Fed Governor Bullard's comments in the past have been market movers but it’s too soon to say if Friday’s late comments would do the same. Then he stated, “Markets appear ready for interest rate hikes since a rate hike has been priced in”.
Volume Collapses As End Of Week Nears
Only 45M shares in SPY traded Thursday which is about as low an effort as one might observe on the eve of a Holiday trading. In fact, trading throughout this week short-squeeze rally week has been light.
Another Big-Time Short Squeeze Boosts Markets
Explanations for Tuesday’s market rip higher are initially hard to explain. Tuesday’s conflicting reaction to higher interest rate enthusiasm is difficult to digest.
Bulls And Bears Battle
It’s unclear who will win this battle ultimately. The action may just prove a skirmish but I believe this 7-year bull market is over.
The Fed Surprise
Wednesday Fed Minutes were released from the most recent meeting and they surprised investors as members were poised to raise interest rates at the June meeting if the gods and conditions permitted.
Turnaround Tuesday: Bears Capture The Tape
Whether the market moves up or down it appears Tuesday reversals seem present. Markets reversed course this Tuesday moving sharply lower. We’ve seen this type of action this month.
Fly Away, May
Economic data Friday was good for a change but that wasn’t true for overseas economies where drip, drip, drip of weak data persisted. But in the U.S. most data were positive.
Here We Go Again With Oil Freeze Nonsense
Doesn’t it get a little tiresome as oil producers drop more hints about an oil production freeze? It does for me. This time it was a hint from Iraq they’d be willing to discuss a freeze with their OPEC partners.
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