International ETF’s are Showing Weakness
Many of the international ETFs, and emerging markets in particular, have all begun to roll over.
These are the Strongest Looking ETF’s
We are seeing strong setups in biotech, semiconductors, and internet ETF’s.
Opportunities in Tech are Close at Hand
The Nasdaq is up 1.8% in 2007, while all the other indices are still in the red.
Trade What You See, Not What You Think
I expect both the S&P and NASDAQ to make substantial, momentum-driven moves over the next several days.
Tech ETFs Starting to Show Strength
The broad market posted modest gains yesterday, but lower turnover across the board tempered the advance.
Russell 2000 Looks to be Heading Lower
Over the past several years, monitoring the performance of the Russell 2000 has become very important because the index has led the other indices in both bullish and bearish reversals.
Tech Takes the Lead
Yesterday’s divergence in the stock market was rather interesting because the buying was primarily confined to tech-related sectors such as Semiconductors, Software, and Internets.
Indecision Reigned Supreme Yesterday
Yesterday was a wild session filled with volatile, whipsaw moves in both directions that left the major indices with mixed results.
NASDAQ Starts 2007 Off At Critical Level
Over the past seven weeks, the S&P has been moving steadily higher, but the Nasdaq has been stuck in a choppy, sideways range.
Potential Short Entries in Retail ETFs
A break below yesterday’s low should send the $RLX to a breakdown below its recent range.
How to Play the Next Leg Up in Gold
If GDX rallies above yesterday’s high, it should resume its primary uptrend that began with the October low.
Stalking Short Positions in the Retail Sector
A broad-based bounce in the stock market enabled the Nasdaq to snap its five-day losing streak…