Friday, October 19, 2007

Where's the green?

Mid-day update and not one heatmap ETF in the green. Market weakness is pervasive and virulent. The NYAD remains locked at S1 (.25) and shows little inclination to budge. Careful on bottomfishing at this level.

2 comments:

contrary canary said...

The DUG oil major short ETF is quite green today, up 8%. It's a cool hedge.

bzbtrader said...

Thanks for the heads up. The QIDs and other ultra short ETFs are mean green also. Unfortunately, the NASDAQ heat map is not programmable, so we can't include those hedging ETFs that often trade millions of shares a day.