Adam Warner (blog) has an interesting analysis on the Rydex Internet Fund. It is currently on a neutral to bearish signal.
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over the past seven years, whenever assets in the fund have reached the $50 million mark, it has been an apparent indication that traders in general have become overly enamored with the sector’s prospects. The go-forward returns in the sector have been sub-par
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With the Fed minute generated rally I was tempted at two trades: long BA, long YUM. I decided to wait for better opportunities. Gold had another constructive day, though the range for the day was again quite wide. This kind of market action is not a good situation for risk adverse position traders [me].
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