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:


S&P 500 Notional Volume:


S&P 500 Notional Advance:


All ETFs Diffusion:

74.14% (+4.88)

ETFs Notional Volume:



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.