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Big Wednesday for Markets: Dave's Daily

Another interesting Big Wednesday for investors as Ben surfs-in with his iPad and more "happy talk" designed to please. Basically he forecast higher economic growth and a lower unemployment rate awaits us. He didn't mention current poor economic data and passed it off as weather related. And, he made little mention that his unemployment projections are based primarily on people falling off the rolls. If his projections don't pan out (before the election) then he's keeping his mega-Kinkos at the ready.

Apple is a great company and has almost become as big as the internet itself.

It seems like we've just seen indexes move back a week or two. Apart from Apple, earnings news is just okay beating estimates but that's what they always do. Thursday it's back to Jobless Claims (consensus guess @ 375K) and Pending Home Sales (consensus guess @ 1%).

Let's see what happens.

 

Disclaimer: The ETF Digest maintains active ETF trading portfolio and a wide selection of ETFs away from portfolios in an independent listing. Current positions if any are embedded within charts: Lazy & Hedged Lazy Portfolios maintain the follow positions: VT, MGV, BND, BSV, VGT, VWO, VNO, IAU, DJCI, DJP, VMBS, VIG, ILF, EWA, IEV, EWC, EWJ, EWG, & EWU.

 

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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