With only a couple weeks of QE2 remaining the S&P 500 ETF appears to be headed to test the 200 day moving average in the $125 area (1250 S&P Index). The bullish commodity trade that ran wild after the initiation of QE2 also appears to be deflating as one by one the commodity ETFs roll […]
Basic materials stocks have been in a strong uptrend ever since the beginning of QE2 reaching a peak at the end of April. Now they have been selling off along with the correction in commodities. The Basic Materials ETF IYM is approaching the lower end of the range and is within about $5 of reaching […]
Investors seem to love stories, give them a exciting story about the computer revolution (1987), the internet revolution (1999), the real estate boom (2006) or silver replacing the dollar (2011) and individual investors come piling in with fistfuls of dollars. Don’t get me wrong, all investors buy into stories but the small investor tends to […]
