Editor's Note: Dave Fry is founder and publisher of ETF Digest, Dave's Daily blog and the best-selling book author of "Create Your Own ETF Hedge Fund, A DIY Strategy for Private Wealth Management," published by Wiley Finance in 2008. Fry has devoted over 35 years to the business of trading and portfolio management. Check back each morning for the latest installment of Dave's Daily to get a unique ETF market overview.

December 11, 2009

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A SUPER LIGHT VOLUME DAY

Better Retail Sales and Consumer Sentiment data helped bulls push equity prices higher today.  The dollar continued its climb while commodities (energy and gold) and bonds fell.  The ongoing "dollar carry trade" seems at risk but that didn't seem to bother bulls in the short-term.

Volume is hitting holiday-like lows which help bulls

manage

a positive day easily.  Breadth was mostly positive.

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TheStreet Recommends

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That's it for today's little light volume exercise.  Next week is another Fed meeting with an announcement Wednesday.  Let's see if they stick to their guns or give markets a holiday present.  Then on Friday we get quadruple witching again as the Street shuts down for the holidays at least in terms of volume.

In between those events we'll have other data to digest but those two events should take center stage.

Have a great weekend!

Let's see what happens and you can follow our pithy comments on

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Disclaimer:  Among other issues the ETF Digest maintains positions in: VTI, XLY, XLB, XLI, GLD, DBC, and EFA.

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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