MARKET COMMENT July 2, 2009 Maybe, maybe not—this is all I can say since bulls have repeatedly demonstrated their “energizer bunny” quality. Maybe over the weekend investors will forget about the sting of today’s drop as no doubt the powers that be will roll-out their spokesmen to cheer everyone up. This action is why over roughly the past two months our cash balances have been high. Once we got the weekly DeMark sequential 9 counts we were expecting a reaction. Sometimes we just move in a herky-jerky manner sideways while in other circumstances we get an immediate impact. If the trends are very strong then the DeMark 9 can be blown away and that’s the tricky part—how to get back in. But, never mind that for now, let’s look again. Volume has been higher on down days and you can assuredly know that breadth both sucked and blowed today....
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David Jackson
Founder
Seeking Alpha
"David Fry writes a subscription newsletter focused on technical analyis of exchange-traded funds, called ETF Digest. We particularly like the overview of financial markets that his work provides. Even if you're not a fan of chart analysis, Dave provides insight and commentary into which global markets are "working" and why. You can find his charts and commentary on ETF Investor, the US Market Blog, and many of our sector blogs such as the Gold Stock Blog and Energy Stock Blog."
Primary ETF Digest programs and portfolios are designed to cater to long-term investors. Dave's Special Portfolio [DSP] is designed for more active traders seeking more aggressive performance. Nevertheless all programs seek to capture two thirds of significant market trends without using options or futures.
Definitions to terminology used in our performance results are available below.
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ETF Digest Hedge Fund Portfolios
Dave actively maintains three ETF hedge fund portfolios to keep subscribers current with the most effective ETF sector allocations that take advantage of both bullish and bearish conditions across the globe.
Dave's Special Multi-Strategy Portfolio is designed to meet the requirements of more aggressive investors interested in maximum capital appreciation and who are also willing to accept a higher rate of portfolio turnover. Learn more...
- All of 2006: 12.76%
- All of 2007: 2.93%
- All of 2008: 9.00%
- As of May 29 2009: +3.95%
Aggressive Growth investors are willing to be speculative with growth-oriented assets. Learn more...
- All of 2006: 8.5%
- All of 2007: 13.36%
- All of 2008: 6.25%
- As of May 29 2009: +7.29%
Growth investors seek a more conservative balance among a broader range of investment sectors. Learn more...
- All of 2006: 10.14%
- All of 2007: 4.96%
- All of 2008: 3.89%
- As of May 29 2009: +7.99%
Performance Comparison Table
| Index / Sub-Strategies | YTD as of May 29 2009 |
| ETF Digest Growth | +7.99% |
| ETF Digest Aggressive Growth | +7.29% |
| ETF Digest DSP Multi-Strategy | +3.95% |
| Credit Suisse/Tremont AllHedge Index | +3.92% |
| Emerging Markets | +12.92% |
| Global Macro | +10.54% |
| Multi-Strategy | +4.58% |
| Long/Short Equity | +2.24% |
| S&P 500 | +2.96% |
| Goldman Sachs Commodities Index | +5.95% |
| Dow Jones World Index | +8.20% |
| Dow Jones World Emerging Index | +36.57% |
| Source: AllHedge Index |
