ETF Range Projections & A Quote to Start the Day

If it doesn’t matter who wins or loses, then why do they keep score?

- Vince Lombardi

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left.

Overseas markets are giving back a bit today, more so in Asia than Europe: Nikkei 225 +0.90%, Hang Seng -1.43%, Shanghai -0.95%, DAX -0.27%, and the FTSE -0.14%

At about 7:10AM ET the futures like our friends in Europe and Asia are drifting a bit lower: Dow -22, S&P -2, NAZ -1, Oil -$0.37 and Gold -$10.40

Trade Safe and

have a great day!

Sectors Above Previous Bull Market Highs

There’s an old cliche’; ‘It’s not a stock market.  It is a market of stocks’. The S&P 500 made it’s bull market high in October of 2007, the eleventh to be exact with the NASDAQ making it’s revovery high just a couple of weeks later.

The S&P 500 has recovered about 2/3 of the decline from October 2007  through March 2009.  Put another way the S&P is -21% of it’s 2007 high closing price.  Looking at the Morningstar sectors assignments we get a somewhat different picture:

9 of the 31  Morningstar sectors (29%) are above their bull market highs. Hmm, maybe it is a market of stocks and sectors.