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From a purely technical point of view, yesterday's breakout in the major indices was very important because it confirmed the shift of the balance of power to the side of the bulls (at least in the short term). All three major indices we follow (the Dow, Nasdaq, and S&P) broke out of their...

Thanks Uptik, Glad you like the thread. I generally post new material on this thread about once or twice a week. I think that you can indeed subscribe without posting.

Hi BCE, Thanks for your post. You bring up some interesting points about the fund managers and the mentality of the rally. While I tend to agree with you that this is a "we'll pretend this is going to get better without any evidence" rally, I don't let that stand in my way of trading the...

Overtheline, If you would like to know more, just drop me an email or visit our website. My email is deron@deronwagner.com. Thanks, Deron

As I mentioned in the post, we were not going to short it unless it broke the neckline, which it did not. We also mentioned that if the head and shoulders did NOT follow-through that we expected an equally strong rally. So, no money lost and no big deal. From my observations, head and...

Just our opinion and some observations on SPY. . . Yesterday was another roller coaster ride in the market, but we managed it well by watching the key resistance/support levels in the indices and only making trades when either the S&P or Nasdaq futures violated those levels. As such, we...

Yesterday was another roller coaster ride in the market, but we managed it well by watching the key resistance/support levels in the indices and only making trades when either the S&P or Nasdaq futures violated those levels. As such, we avoided much of the indecision in the markets and only...

Just our opinion. . . After the Nasdaq gapped a few points above its highs of the month and the highest level seen since June, the gap quickly faded, led by weakness in the S&P and Dow, both of which were unable to rally beyond their overhead resistance from the beginning of November. It was...

Though not heavily publicized or promoted, the Nasdaq launched a new family of ETFs last week collectively called the BLDRS (Baskets of Listed Depositary Receipts). Each of the four ETFs in the BLDRS family consist of a basket of individual ADRs (American Depository Receipts). The four new ETFs...

We chose RTH (Retail Index HOLDRS Trust) for analysis this week since two of the largest percentage components of the index (WMT and HD) both are reporting or have reported earnings. The purpose of our weekly analysis is to enable you to understand the underlying components that comprise each...

yeah, she did a good job of brushing it off. Bet there was some interesting off the air discussion. Ah, the beauty of live comedy shows!

I listen to CNBC every day, not by choice, but because the firm I trade at has it on all their TVs. Anyway, did anyone catch the guy who called in to Power Lunch today and said to the female anchor (I forget her name), "What's up b**ch!" Guess the 7-second delay sound engineer was asleep at...

Are you referring to Closed End Funds? Not sure if that is what you mean by CEFs. If so, we don't trade those because it's harder to place a concrete value on them and other liquidity issues. Deron

Hi limitdown, Glad you are finding this thread to be of benefit to you. I certainly can understand your concerns, so let me address them in a succinct manner. . . I certainly do take positions in the ETFs I discuss, such as QQQ, SPY, DIA, SMH, BBH, OIH, etc. In fact, we maintain and...

Maglia Rosa, I appreciate your input about dividends and the effect they will have on the fair value of each ETF. However, unless I am missing something here, I don't think that would have any direct affect on the value of the ETF because the price of the underlying stock is adjusted on the...

Well, they have not been very heavily promoted, so the volume will probably grow as awareness increases. This was also the case when the HOLDRS first were released. However, I also think that traders would be more into having an ETF of ADRs that was grouped by country instead of all of them...

After selling the first half of OIH at 54.45, we bought back in on the pullback to support at 54.05. We just sold half of the position again at 54.70 and are planning on taking the remaining shares of overnight with a 75 cent trailing stop intraday.

My favorite books that have helped my trading the most (in no particular order): Reminiscences Of A Stock Operator - Edwin LeFevre How I Made $2 Million In The Stock Market - Nicolas Darvis Market Wizards - Jack Schwager Trading For A Living - Dr. Alexander Elder I try to read a...

OIH hit our price target and we just sold half the position at 54.45. We will trail a stop on the rest. BBH never triggered.

Since some of you were asking to see a sample copy of our daily ETF newsletter, I am posting today's issue as a freebie to the ET community. Hopefully you will get some good ideas from it. Our subscribers also receive intraday email updates on ETFs. The Wagner Daily November 14, 2002...