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TRUE
NORTH MARKET NOTE #008 06 JAN
06
There's a brisk feel about the place, although many
of our primary charts are not confirming the full 'monty' of a
market
.
Too much gold, energy, emerging, not
enough sustainable growth - it's all so 2005!
We're
watching these for indicators of the overall strength of this
market:
EWZ - Brazil
SMH -
Semis
EEM - Emerging Markets
IJR - Small Cap
$TNX - 10 year
bond
XLF - Financials
We're watching these
basing patterns or previously basing patterns this morning:
PAYX -
payroll play
TWX - in play
MRK - drugs recovering
MSFT - GOOG
hype overdone?
EBAY - acts very well - a class act for sure
BIDU -
not sure re its class, but we like +BE D on volume
GOOG - nuff said -
Class Act? You bet...
QCOM - perennial runner
TLAB - was 100 bucks
once! Good chart
SBUX - Class Act Mark III
....& now for a commercial
break...
NEW!
True North ETF Trader
"ETFs are like a designated driver -- you don't have to worry about
them," Tom Taggart -- Managing director of Barclays Global
Investors, a prime sponsor of exchange-traded
funds.
ETFs give you almost
unlimited flexibility. If you think Europe is a
better play than the U.S., ETFs give you a way to act on that hunch.
If you'd rather fine-tune your strategy to individual countries -- say
you think that Spain is the place to be -- you can do that too....Since
most ETFs require no minimum investment,
there's no reason individual investors can't use them
to time the market, or particular areas of the market, just like hedge funds.
Harry Domash -- San Fransisco
Chronicle
We are very pleased to
announce the launch of a new service for
active, chart-orientated traders of US & non-US exchange traded funds
(ETFs).
Using a blend of
discretionary and rules based trading alongside candlestick
pattern recognition, True North ETF Trader is geared to swing
& position traders who focus on charts as their primary
tool.
If you have questions, observations or suggestions, please feel
free to phone us, or drop us an email, at any time during trading
hours.
Best wishes
and good trading in 2006,
Dane
Halling / Skype: synvestor1 / dhalling@synvestor.net /
0800 781
2268
Dave Evans / Skype: daveowenevans /
david@synvestor.net / 0800
781 2268
True North Investing
True North Market Diary
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