Monday, October 8, 2007

Days Top Gainers/Losers

Days Top Gainers w/Vol >1M
Symbol %Chg Day
SDS 1.34%
TWM 1.34%

Day's Top Losers w/Vol >1M
Symbol %Chg Day
XHB -2.57%
USO -2.44%
EWH -2.35%
FXI -2.30%
INP -2.30%
UNG -2.02%
OIH -1.92%
EWM -1.46%
XRT -1.38%
XLF -1.37%

COMMENTS:
A really tough day to make money trading ETFs. If you were short OIH going into today you made a good trade.

Oil has been so volatile that I am reluctant to put on a short right now. But if today's move is an indication of things to come, I see OIH dropping to the August lows around $160. If it closes below $188.35, the current support level, then I think the its time to get short.

Most of the other ETF charts were bouncing around today not giving any good entries.

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