ETF News Roundup: Bulls Go To Extremes (DIA, QQQQ, SPY, GLD, USO)
Bullish sentiment is at extreme levels; in fact we’re seeing levels last seen in late 2007 at the top of the bull market rally that began in 2002.
The VIX, the “fear index,” closed today at 17.39 which also indicates extreme complacency and confidence in the markets going forward. Furthermore, major indexes are overbought and overextended on a technical basis with high RSI and Stochastic readings.
While the markets seem sure that the Fed and QE2 have their back covered, I would suggest that it’s a time to enjoy the Christmas cheer but also be watchful for a painful New Year’s hangover when January comes around.
But for today, the markets and economy partied on with FedEx posting positive results and an improving outlook for 2011 and a positive report from the Philadelphia Fed regarding business and manufacturing conditions in the mid-Atlantic region.
The House of Representatives is wrestling with the tax cut/stimulus bill and its passage is absolutely required for Santa to continue his rally.
Today’s action brought the Dow Jones (NYSE: DIA) to two year highs and all major indexes were positive with the Nasdaq (QQQQ) rising +0.77%, and the S&P 500 (NYSE: SPY) adding +0.62%.
Commodities showed renewed strength, as well with both Gold (NYSE:GLD) and Oil (NYSE: USO) making gains, but things weren’t as positive in China where the Shanghai Composite gave up 0.46% and remains mired below its 50 Day Moving Average.
Bottom line is, “make hay while the sun is shining but watch out for an unexpected hail storm.”
Disclosure: Wall Street Sector Selector continually trades a variety of exchange traded funds and positions can change at any time.
Read more at Wall Street Sector Selector
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,812,340,014 |
| Stories: | 8,654,433 |
Whistler Blowers, Insiders
