Dave's Daily: February Ends With Whimper - TheStreet

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.

February 26, 2010

Image placeholder title

MONTH-END WINDOW DRESSING

We end the month of February with a whimper although the last week was thrilling even though little progress was made.  This is the stuff of trading range environments.  What's impressive is how bad news is bid higher especially in the consumer sector given poor data.

Volume was light and breadth mixed.

Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title

Continue to Major US Markets

Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title

Continue to Major Market Sectors, Bonds & Beyond

Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title

Continue to Currency & Commodity Markets

Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title

Continue to Overseas & Emerging Markets

Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title
Image placeholder title

Continue to Concluding Remarks

That does it for the short month of February.  It was a good month by all accounts offsetting, depending on the sector, much of January's losses.  Earnings season came in quite well as most companies (over 80%) beat estimates.  It makes you wonder why analysts did such a lousy job.  Did companies mislead them or were they deliberately low-balling estimates.  They won't say that's for sure.

Now we move further ahead with more economic data next week including the important unemployment number.  It seems bad data doesn't concern bulls very much as long as the Fed keeps the punchbowl in place everything is just fine.

Let's see what happens.  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

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

.

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. A detailed bio is here:

Dave Fry.