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Dave's Daily Market Comment

Dave's Daily Market Comment 10 24 06


MARKET COMMENT

October 24, 2006





Oil and Gold have been pushed and pulled in the same direction for the past few months. It hasn’t been as fun or profitable as the tango but you get the idea.








Tech stocks were down today as we indicated they might last night due to TXN’s disappointing earnings report. We’ve been discussing the overall weakness in semiconductor stocks as one important company after another has disappointed causing popular SMH (Semiconductor Holders) to be a drag on the overall sector.


















The markets made a pretty impressive comeback today with bull’s still showing they’re in charge of the major market indexes. There isn’t much point to discussing anything else today since future market action will cue off Bernanke & Co, Treasury auction results and, naturally, more earnings.

Let’s see how all that goes.


Disclaimer: The ETF Digest maintains positions in: IEF and GLD.

Published Tuesday, October 24, 2006 11:17 PM by fryguy
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Dave's Daily Market Comment
The ETF Digest, published by Dave Fry, was one of the first online newsletters devoted exclusively to providing market commentary on Exchange Traded Funds (ETFs). His 30 years of experience in trading and portfolio management is available to you through his pioneering online investment newsletter. Dave’s Digest covers a broader range of ETFs and markets than any other newsletter.

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