Tuesday, May 4, 2010

End of day signals

XLY (consumer discretionary ETF) got a big sell signal today. Retail reports out later this week, we'll have to see if there is follow thru.

That ERY buy signal (short energy ETF) yesterday seemed doomed with oil breaking thru 85 then but now its lookng quite good up 2.6%

EEM (emerging market ETF) is getting hammered. I would not like to be in the emerging markets now. Those are all bubbles about to burst. also EWW mexico and EWZ brazil all getting hammered.ILF the latin america index.. down 4+%. That BZQ (brazil ultra short) buy signal on the 20th is now up 16%

VXX (vix etf) breaking up above the 50 day ema. wish I had bought options last week.

Buy signal on TZA and TWM both long term down trend tho, but possibly basing.... could be good but not rock solid would rather have them over the 50 day ema.

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