This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dave's Daily: Something's on the Wing!

Dave's Daily

By Dave Fry, founder and publisher of ETF Digest and author of the best-selling book Create Your Own ETF Hedge Fund. January 29, 2010


If you're old enough to remember this Twilight Zone episode where William Shatner tried telling all who would listen that "there was something on the wing" but only he saw it.  The poor way the market's behaving almost seems like something terrible is about to happen and only Mr. Market sees it.  The bottom line is markets are tremendously oversold short-term but aren't responding well to defibrillation (good news from any source).  This is a bad sign.

Friday marked the end of the month where many suggest as it goes so goes the year.  But, last year proved an exception even though February was ugly.

Friday's volume was again heavier than average and breadth was once again negative in all markets.


Continue to Major US Markets

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SPY $211.26 0.23%
XLE $82.25 0.44%
AAPL $130.40 -1.70%
AMZN $428.64 -2.30%
GS $197.27 0.38%


DOW 18,093.89 +55.92 0.31%
S&P 500 2,114.46 +5.54 0.26%
NASDAQ 5,055.2170 -5.0290 -0.10%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs