Dave's Daily: Rainy Days & Mondays

If you're on the west coast I guess the title is appropriate but the east coast is kind of that "wintry mix" often described.  (Oh, I'm just having some fun since that's a strange description for a blizzard.) 

Markets lack conviction at least for bulls.  Probably the folks or machines that launched the late Friday buy programs took their profits early giggling all the way to the bank.

There isn't a lot on tap tomorrow as economic data is limited as noted below from Briefing.com:

 

After Hours trading courtesy of MarketWatch shows little in the way of any significant movement except for Electronic Arts.

On Thursday all hell may break loose in Iran.  There may be another Tiananmen Square type event in the streets of Teheran while the leadership there boasts of some other serious demonstration of power.  It's disturbing to say the least.

Let's see what happens and you can follow our pithy comments on twitter and become a fan of ETF Digest on facebook.

 

Disclaimer:  Among other issues the ETF Digest maintains positions in: UUP and DEE.

 

The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security.  Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period.  Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.

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