Wednesday, April 21, 2010

Index Data and General Liquidity Challenge Update

Closing values for Tuesday, April 20, 2010:


Trend & Value 50:

1098.31 (+.72%)


China Small Cap ADR 25:

930.35 (+2.44%)


Precious Metals Complex:

4765 (-.03%)


Commodity ETFs:

2111 (+.58%)


BRIC Basic Materials:

1069.70 (+1.34%)


Penny Banks:

1264.39 (+2.89%)


Foreign Blend:

7671 (+119)


General Liquidity:

1038.06 (+.58%)



S&P 500 Momentum Composite:

37.32 (+7.23)


S&P 500 Breadthalyzer:

.42


S&P 500 Notional Volume:

$131,258,527,361


S&P 500 Notional Advance:

$1,137,111



All ETFs Diffusion:

74.14% (+4.88)


ETFs Notional Volume:

$59,848,620,523


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The GLI SSO turned negative again, so now we have to exit the long position in TLT and pick a short trade. I am going with GDX. Pretty risky to short gold stocks, or anything else for that matter right now, but in the short term I just have trouble envisioning a lot of upside in the miners.

I chose to go long TLT in the last swing as a defensive move, and it did show us a profit, though most of the other markets held up as well.

So the general liquidity challenge model portfolio will close the long in TLT and open a short position in GDX, based on this morning's opening prices.