MARKET COMMENT
April 25, 2007


Despite all wisdom to the contrary, don’t fight the tape man!
That should end the commentary for
today.
We pay our respects and move on.
Maybe I could find something else to rant
about?
No--enough already!
Let’s just post some charts quietly so as not to disturb El Toro.

As I sensed last night there was movement from previously hot
international markets to US tech stocks.
As “sensory perception” goes that was no big deal since tech actually
lagged just about everything else stamped USA.
Without knowing all
the data yet, this was probably another bullish 90/90 day.
[Bows humbly.]












And let’s look at some US sectors beyond tech.











Lost in the stampede were some markets and news that weren’t
encouraging.
But these seemingly can be
ignored for now.







Is there any time [or computer memory] left to cover some
global markets?
You betcha!




Some single-country ETFs follow
briefly.













I think that’s as many charts as we’ve ever
posted--wow!
There’s a “global” stock
market rally occurring abetted by tremendous amounts of liquidity--this doesn’t
smack of genius right?
Global markets
are rotating around with one period [days-weeks] featuring Europe, then
Asia/Pacific, Latin America and back to the US and repeat.
It’s probably a safe bet to say you need
exposure everywhere to participate effectively.
Have a pleasant evening.
Disclaimer: Among other issues, the ETF Digest maintains
long or short positions in:
SPY, MDY,
QQQQ, IWM, IVE, VTI, IGM, FDN, PSI, PSJ, PBE, RHS, RSP, RTM, RYH, RYT, RGI,
RYE, DVY, XLU, UDN, GLD, DBB, DBE, DBC, EFA, EEM, ILF, EPP, EWG, EWN, EWO, EWZ,
EWC, EWA, INP, FXI, EWY, EWJ, TKF and ISL.