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Wednesday Outlook: Commodities, Emerging Markets

by: David Fry May 28, 2008 | about stocks: DBA / DBB / DBC / EEM / EFA / EWZ / FXI / GLD / IFN / ILF / MOO / RSX / SLX / USO / XLB / XLE

David Fry

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<< Return to page 1 - Crude Rally

Light volume combined with negative after inflation yielding cash reserves allowed bulls to do some “news cherry-picking”. A few, or one trading desk/hedge fund, was able to toss in a large buy program this afternoon taking charge of the tape. The menu entry of choice today was large cap tech.

When I looked for a few images to post today I came across one that showed motorists ticked-off about gas prices at $2.59. So, when you look at energy price declines today you must put things in some historical perspective.

That’s the news from Tuesday. Have a pleasant day.

Disclaimer: Among other issues the ETF Digest maintains positions in TLT and TBT.

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Related Stocks:

DBA, DBB, DBC, EEM, EFA, EWZ, FXI, GLD, IFN, ILF, MOO, RSX, SLX, USO, XLB, XLE

This article has 8 comments:

May 28 09:04 AM
Thank you David Fry for your beautiful work and thoughtful humor.
Reply
May 28 09:08 AM
That the market rallied on low volume is a worry. Will volume pickup today? Looks like it might. Oil continues to decline this morning while stock futures are up.
Reply
May 28 09:14 AM
Reviewing David's weekly notations on the moving average graphs certainly helps me keep all four wheels on the road, i.e., a sanity check! Very simply - thanks.
Reply
May 28 09:36 AM
What 148223 said, above.
Reply
May 28 11:25 AM
also thks from me. very useful thkis oversight.
Reply
May 28 01:02 PM
Can somebody pass a Federal law prohibiting tenths-of-a-penny pricing for retail gallons of gas? (I hate laws, but I think that's what it would take in this case.)
Reply
May 28 01:21 PM
thanks a bunch,David,useful as always..
Reply
May 29 10:37 PM
Great cartoon. It really puts things in perspective.
Reply

More Comments on GLD »

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