Tactical musings, technical timing indicators and risk management strategies
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.
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.
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:
The DUG oil major short ETF is quite green today, up 8%. It's a cool hedge.
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.
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