Skip to main content

UCS End of Week Update

It has been a strong week for the markets. Broad rally across the board pushed indexes higher, although today signaled an easing up on the gas pedal. I have been touting technology funds all week- actually for months but today I got a little comeuppance with technology weighing heavily on the NASDAQ: -7.64, keeping it slightly in negative territory for most of the day. Microsoft reported earnings yesterday and they were off by 17% which affected the NASDAQs performance today. However, it seems that investors had already discounted the recessionary effect into the price of the stock. Neither the stock or NASDAQ tanked today. Yeah!

I have to say that I don't know what to expect going forward next week. It's a wait-and-see strategy for next week. We could do like ousted Honduran President Zelaya, who today ran a few feet from across the Nicaraguan border to the Honduran border and then back over to the safety of the Nicaraguan border- Secretary of State, Hillary Clinton called Zelaya's action "reckless". OK, we won't do that, but what does Zelaya's actions have to do with figuring out what's going to happen in the markets next week, I have no idea! :-)

Join us for our online web meetings this weekend starting on Saturday at 10:30 am and Sunday at 4:30 pm. The topics will range from ETF basics to capital preservation ideas. Send an email with web cast in the subject header with your name and email address to ucsinv1@gmail to register. Have a great weekend everyone!

7/24/2009 7:15 PM

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Natural Gas Unnatural Rise

I am reading lots of buzz all over the Internet on the rising prices in oil and natural gas assets and I am like here we go again. Yes, oil and gas stock are good investments but we are not running out of oil nor natural gas anytime soon. However, many investors are snapping up oil and gas ETFs like delicious hot pancakes. For example, the recent surge in investor demand for the US Natural Gas Fund , whose net assets has swelled 10 fold as investors snap up the shares, has almost caused the fund to temporarily shut down twice due to lack of shares to sell. There is no reason to load up on oil and natural gas stocks or ETF gas funds yet. Read the recent short term energy report from the Energy Information Administration - Official Energy Statistics from the US Government . The US Gov't is projecting lower demand and lower prices- a possible supply glut . Just in case you still believe that oil and gas stocks are the way to go, here are three natural gas ETFs that you may find inter...
Post a Comment
Read more

The Borg economy

At any given moment during market hours, I am filled with feelings of dread about the US economic system, like its right on the precipice of disaster, and sometimes I feel like its like the fictional Borgs of Star-Trek- Exhibiting a "rapid adaptability to any situation or threat, with encounters characterized by matter of fact imperative 'resistance is futile'." Expecting a strong market rally today. WSJ Online before the bell gives a good synopsis of what to expect today. Commodities and oil will be up today after an overnight jump in oil and commodities prices overseas. Still convinced that the drivers behind the volatile commodities jumps are mostly related to huge institutional buying and selling- aka trading, and nothing to do with the cost of producing and selling the commodities. Still looking for a good entry point in our favorite fund the ProShares Technology Fund today. Will keep you posted on any new developments. 06/10/09 09:43 AM
Post a Comment
Read more

A Few Tips from the Wise

By Rick Walter Good morning my fellow investors. Hope we all have a great day today. There was a little blood in the streets yesterday, with a broad sell-off across the board. Well, I've been calling for a slight sell-off for about the last month, because its always a good thing for the markets to blow off some steam after rising consistently for so long. You know, you got to keep the bubbles from forming. Further selling depends on how key parts of the U.S. economy continues to recover, which in my opinion is dependent on the manufacturing sector. A report from Automatic Data Processing said the "U.S. private sector shed 298,000 jobs in August, a faster rate of job losses than the 213,000 economist were expecting." Still, not as high as the same time ago last year but pretty substantial. So what are we going to do? A few tips from the wise . Review your investment strategy daily. Avoid going after high fliers. Avoid trading on rumors. Avoid trying to time the bottom. Ma...
Post a Comment
Read more