Smoking Securities

Half Baked High Finance

Market Glance

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The 5 least correlated positive return ETFs show numerous markets cracking critical support and making new lows.

S&P 500 indicators are bearish across the board.

The market remains fahklempt, buyers beware.  The only positive things I see are emerging markets holding above the November lows, and Treasuries failing to make new highs, despite ominous news from every channel on the planet.

I’ve avoided stress by staying in cash, day trading and acquiring a girlfriend.  Cash remains king, and while there are remarkable intraday opportunities, my focus is elsewhere.  To paraphrase Han Solo, “what good is money if you ain’t around to spend it?”

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Written by chucklesamadeus

March 4, 2009 at 1:16 am

Posted in BPSPX, BXM, DBC, EEM, IWN, IYR, SPX, SPXA50R, SPXHILO, TLT, UST, VIX

Tagged with , , , , , , , , , , ,

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