ETF SWING & DAY TRADING

[Vestor_2000]

$NASI vs $NYSI

For what it is worth, I favor the $NASI over the $NYSI. Though the latter has turned positive (on a daily, not a weekly basis), you have to consider that, of the 2,800 stocks on the NYSE, about 1,400 are preferred stocks, closed-end funds and foreign ADRs, not exactly your everyday trading vehicles. The $NASI on the other hand represents about 3,300 companies in technology, communications, retail, etc. Now, having said this, the rate of decline on the $NASI has slowed dramatically and looks like it could reverse, much like it did for a short period back in late January. Separately, the $BPSPX is just .40 from a sell signal, so I believe caution still is warranted. While we shouldn't read into things, this does perhaps play into Pokersam's thoughts about an S&P 500 rally to 1225-1230 and a sharp reversal, especially if we get the "chop" he predicts for the next couple of weeks or so. Just a thought.