Friday, August 31, 2007

A bit of a remarkable quirk

Posted by TraderMark at 10:39 AM TweetThis
At this moment, 52 of the 53 long fund positions in the fund are in the green. And the 53rd, DHIL is flat (but it's a low volume stock, only trading 8000 shares so far today). That's a first.

All 3 short ETFs are obviously down. :)

Now, we await Bush...

Advance declines on NYSE are 8 to 2, and NASDAQ 7 to 3, so breadth is solid on a very light volume day.

Speaking of the technical analysis from beginning of the week - after all these gyrations this week; we are right back where we started. DJIA, SP500 right back at resistance, right below 50 day moving average, NASDAQ is a bit above, and Russell 2000 is unable to clear the 200 day moving average. So really we are right back where we started the week.

Posted by TraderMark at 10:39 AM

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