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Top Performing ETFs
- Thread starter investics
- Start date
A solid positive day yesterday as you may all know already. Seems the bulls stepped up to the game.
One of the metrics that I post on week-ends is the percentage of the number of stocks above the 40 Day EMA. The count has gone from <b>28%</b> to <b>51%</b>. This is a very bullish move on the breadth of the market.
Money flow was inwards and could give us some hope that the bulls are here to stay. We really want the money sitting on the sidelines to start taking some positions.
A few more <b>Green Days</b> like this this one could start a bullish trend.
Be patient and GL!
One of the metrics that I post on week-ends is the percentage of the number of stocks above the 40 Day EMA. The count has gone from <b>28%</b> to <b>51%</b>. This is a very bullish move on the breadth of the market.
Money flow was inwards and could give us some hope that the bulls are here to stay. We really want the money sitting on the sidelines to start taking some positions.
A few more <b>Green Days</b> like this this one could start a bullish trend.
Be patient and GL!
<u><b>Market Sentiment</b></u>
Buy Aggressively
<b>Buy Cautiously</b>
Hold
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
Under <b>normal</b> circumstances I would have been an aggressive buyer under these conditions, but having experienced what we did with the recent past I am going to be slowly taking positions on the long side.
Buy Aggressively
<b>Buy Cautiously</b>
Hold
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
Under <b>normal</b> circumstances I would have been an aggressive buyer under these conditions, but having experienced what we did with the recent past I am going to be slowly taking positions on the long side.
<b>Market Slice for week 30.Aug.2010 to 03.Sep.2010</b>
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<u>S&P-500 Daily % Change:</u>
<b>Fri, 03.Sep: 1.32%</b>
<b>Thu, 02.Sep: 0.91%</b>
<b>Wed, 01.Sep: 2.95%</b>
<b>Tue, 31.Aug: 0.04%</b>
<b>Mon, 30.Aug: -1.47%</b>
<u>No. of Stocks above 40 EMA*</u>
<b>Fri, 03.Sep: 70%</b>
<b>Thu, 02.Sep: 59%</b>
<b>Wed, 01.Sep: 51%</b>
<b>Tue, 31.Aug: 28%</b>
<b>Mon, 30.Aug: 27%</b>
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Fri, 03.Sep: 230</b>
<b>Thu, 02.Sep: 138</b>
<b>Wed, 01.Sep: 151</b>
<b>Tue, 31.Aug: 52</b>
<b>Mon, 30.Aug: 52</b>
<u>No. of New Six Month Lows*</u>
<b>Fri, 03.Sep: 8</b>
<b>Thu, 02.Sep: 19</b>
<b>Wed, 01.Sep: 20</b>
<b>Tue, 31.Aug: 242</b>
<b>Mon, 30.Aug: 96</b>
*The stats above were calculated on the top 3000 stocks by liquidity(not market cap).
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<u>S&P-500 Daily % Change:</u>
<b>Fri, 03.Sep: 1.32%</b>
<b>Thu, 02.Sep: 0.91%</b>
<b>Wed, 01.Sep: 2.95%</b>
<b>Tue, 31.Aug: 0.04%</b>
<b>Mon, 30.Aug: -1.47%</b>
<u>No. of Stocks above 40 EMA*</u>
<b>Fri, 03.Sep: 70%</b>
<b>Thu, 02.Sep: 59%</b>
<b>Wed, 01.Sep: 51%</b>
<b>Tue, 31.Aug: 28%</b>
<b>Mon, 30.Aug: 27%</b>
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Fri, 03.Sep: 230</b>
<b>Thu, 02.Sep: 138</b>
<b>Wed, 01.Sep: 151</b>
<b>Tue, 31.Aug: 52</b>
<b>Mon, 30.Aug: 52</b>
<u>No. of New Six Month Lows*</u>
<b>Fri, 03.Sep: 8</b>
<b>Thu, 02.Sep: 19</b>
<b>Wed, 01.Sep: 20</b>
<b>Tue, 31.Aug: 242</b>
<b>Mon, 30.Aug: 96</b>
*The stats above were calculated on the top 3000 stocks by liquidity(not market cap).
<b>Many Line Up to Go Public, but Market Mood Is Iffy</b>
Some 161 companies are seeking to raise more than $56 billion through initial public offerings, according to Renaissance Capital, an I.P.O. research firm. That is the most companies in the I.P.O. pipeline since 2000 and the largest pent-up dollar amount on record. âWe havenât seen such a large overhang of supply in some time,â said Linda R. Killian, a principal at Renaissance. âThe question is whether the market can absorb it all.â
The huge backlog underscores a grim fact: Two years after the financial crisis, the stock market remains fragile. While there has been a robust rally in bonds, with companies aggressively issuing debt to take advantage of low interest rates, the appetite for equity remains weak. The ability of Wall Street bankers to execute these I.P.O.âs through the end of the year will test the stock marketâs health.
Read complete article here....
Some 161 companies are seeking to raise more than $56 billion through initial public offerings, according to Renaissance Capital, an I.P.O. research firm. That is the most companies in the I.P.O. pipeline since 2000 and the largest pent-up dollar amount on record. âWe havenât seen such a large overhang of supply in some time,â said Linda R. Killian, a principal at Renaissance. âThe question is whether the market can absorb it all.â
The huge backlog underscores a grim fact: Two years after the financial crisis, the stock market remains fragile. While there has been a robust rally in bonds, with companies aggressively issuing debt to take advantage of low interest rates, the appetite for equity remains weak. The ability of Wall Street bankers to execute these I.P.O.âs through the end of the year will test the stock marketâs health.
Read complete article here....
<b><u>Market View - 07.Sep.2010</u></b>
<b>NYSE Percent of stocks above the 50 Day MA: 65%</b>
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
Yesterdays pull back was not a very significant one in terms of dollar value. In fact my numbers show that the money flow was actually inwards. The day ended with very poor volume as well. I am still holding my longs and slowly increasing my number of positions.
<b>NYSE Percent of stocks above the 50 Day MA: 65%</b>
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
Yesterdays pull back was not a very significant one in terms of dollar value. In fact my numbers show that the money flow was actually inwards. The day ended with very poor volume as well. I am still holding my longs and slowly increasing my number of positions.
<b>Market Slice for week 07.Sep.2010 to 10.Sep.2010</b>
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<u>S&P-500 Daily % Change:</u>
<b>Fri, 10.Sep: 0.49%</b>
<b>Thu, 09.Sep: 0.48%</b>
<b>Wed, 08.Sep: 2.64%</b>
<b>Tue, 07.Sep: -1.15%</b>
<u>No. of Stocks above 40 EMA*</u>
<b>Fri, 10.Sep: 65%</b>
<b>Thu, 09.Sep: 63%</b>
<b>Wed, 08.Sep: 61%</b>
<b>Tue, 07.Sep: 56%</b>
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Fri, 10.Sep: 122</b>
<b>Thu, 09.Sep: 179</b>
<b>Wed, 08.Sep: 152</b>
<b>Tue, 07.Sep: 144</b>
<u>No. of New Six Month Lows*</u>
<b>Fri, 10.Sep: 25</b>
<b>Thu, 09.Sep: 20</b>
<b>Wed, 08.Sep: 16</b>
<b>Tue, 07.Sep: 20</b>
*The stats above were calculated on the top 3000 stocks by liquidity(not market cap).
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<u>S&P-500 Daily % Change:</u>
<b>Fri, 10.Sep: 0.49%</b>
<b>Thu, 09.Sep: 0.48%</b>
<b>Wed, 08.Sep: 2.64%</b>
<b>Tue, 07.Sep: -1.15%</b>
<u>No. of Stocks above 40 EMA*</u>
<b>Fri, 10.Sep: 65%</b>
<b>Thu, 09.Sep: 63%</b>
<b>Wed, 08.Sep: 61%</b>
<b>Tue, 07.Sep: 56%</b>
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Fri, 10.Sep: 122</b>
<b>Thu, 09.Sep: 179</b>
<b>Wed, 08.Sep: 152</b>
<b>Tue, 07.Sep: 144</b>
<u>No. of New Six Month Lows*</u>
<b>Fri, 10.Sep: 25</b>
<b>Thu, 09.Sep: 20</b>
<b>Wed, 08.Sep: 16</b>
<b>Tue, 07.Sep: 20</b>
*The stats above were calculated on the top 3000 stocks by liquidity(not market cap).
<h3>Top 10 ETF List - Mon, 13.Sep.2010</h3>
ETFs on my radar this AM.
<b>
ECH
THD
GDXJ
BRF
AGQ
SSG*
EWM
IDX
DTO
MOO
</b>
* Low volume ETF
A lot of foreign market ETFs are showing strength. I am not going to completely discount this as a onetime occurrence. The <b>07.Sep.2010</b> might have been a very good day to enter the market on the long side.
ETFs on my radar this AM.
<b>
ECH
THD
GDXJ
BRF
AGQ
SSG*
EWM
IDX
DTO
MOO
</b>
* Low volume ETF
A lot of foreign market ETFs are showing strength. I am not going to completely discount this as a onetime occurrence. The <b>07.Sep.2010</b> might have been a very good day to enter the market on the long side.
<b>Market Slice for week 13.Sep.2010 to 17.Sep.2010</b>
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<u>S&P-500 Daily % Change:</u>
<b>Fri, 17.Sep: 0.08%</b>
<b>Thu, 16.Sep: -0.04%</b>
<b>Wed, 15.Sep: 0.35%</b>
<b>Tue, 14.Sep: -0.07%</b>
<b>Mon, 13.Sep: 1.11%</b>
<u>No. of Stocks above 40 EMA*</u>
<b>Fri, 17.Sep: 72%</b>
<b>Thu, 16.Sep: 72%</b>
<b>Wed, 15.Sep: 76%</b>
<b>Tue, 14.Sep: 75%</b>
<b>Mon, 13.Sep: 77%</b>
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Fri, 17.Sep: 210</b>
<b>Thu, 16.Sep: 140</b>
<b>Wed, 15.Sep: 151</b>
<b>Tue, 14.Sep: 215</b>
<b>Mon, 13.Sep: 229</b>
<u>No. of New Six Month Lows*</u>
<b>Fri, 17.Sep: 20</b>
<b>Thu, 16.Sep: 16</b>
<b>Wed, 15.Sep: 16</b>
<b>Tue, 14.Sep: 13</b>
<b>Mon, 13.Sep: 12</b>
*The stats above were calculated on the top 3000 stocks by liquidity(not market cap).
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<u>S&P-500 Daily % Change:</u>
<b>Fri, 17.Sep: 0.08%</b>
<b>Thu, 16.Sep: -0.04%</b>
<b>Wed, 15.Sep: 0.35%</b>
<b>Tue, 14.Sep: -0.07%</b>
<b>Mon, 13.Sep: 1.11%</b>
<u>No. of Stocks above 40 EMA*</u>
<b>Fri, 17.Sep: 72%</b>
<b>Thu, 16.Sep: 72%</b>
<b>Wed, 15.Sep: 76%</b>
<b>Tue, 14.Sep: 75%</b>
<b>Mon, 13.Sep: 77%</b>
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Fri, 17.Sep: 210</b>
<b>Thu, 16.Sep: 140</b>
<b>Wed, 15.Sep: 151</b>
<b>Tue, 14.Sep: 215</b>
<b>Mon, 13.Sep: 229</b>
<u>No. of New Six Month Lows*</u>
<b>Fri, 17.Sep: 20</b>
<b>Thu, 16.Sep: 16</b>
<b>Wed, 15.Sep: 16</b>
<b>Tue, 14.Sep: 13</b>
<b>Mon, 13.Sep: 12</b>
*The stats above were calculated on the top 3000 stocks by liquidity(not market cap).
Good Monday Morning!
I changed my sentiment to a buy on <b>03.Sep.2010</b> <i>(see below)</i>. This move has been very profitable so far. The day of <b>07.Sep.2010</b>, could have been another perfect day to enter long positions.
<u>My Portfolio</u>
<b>Trading Account: 90% Long</b>
<b>Retirement Account: 100% Long</b>
<b>Cash: 10%</b>
We might see the rise for some more time as I don't think we have reached over bought levels yet. But there will be a re-balancing act sometime before the quarterly reports start coming in Oct. So let us be prepared for a minor pullback.
Have the stops in place and don't hesitate to lock in your profits.
Cheers!
I changed my sentiment to a buy on <b>03.Sep.2010</b> <i>(see below)</i>. This move has been very profitable so far. The day of <b>07.Sep.2010</b>, could have been another perfect day to enter long positions.
<u>My Portfolio</u>
<b>Trading Account: 90% Long</b>
<b>Retirement Account: 100% Long</b>
<b>Cash: 10%</b>
We might see the rise for some more time as I don't think we have reached over bought levels yet. But there will be a re-balancing act sometime before the quarterly reports start coming in Oct. So let us be prepared for a minor pullback.
Have the stops in place and don't hesitate to lock in your profits.
Cheers!
Quote from investics:
09-03-10 09:38 AM
<u><b>Market Sentiment</b></u>
Buy Aggressively
<b>Buy Cautiously</b>
Hold
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
Under <b>normal</b> circumstances I would have been an aggressive buyer under these conditions, but having experienced what we did with the recent past I am going to be slowly taking positions on the long side.