To educate and empower individual investors and financial professionals with:
Dave Fry has devoted over 40 years to the business of trading and portfolio management. He is registered as an arbitrator with the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA).
Dave is a frequent commentator and presenter on ETFs and other issues important to individual investors for ETF conferences and private investment groups. His perspectives are featured in global financial news sources, radio, webinars and print media..
By 2002 ETF Digest trading programs were making triple-digit gains, despite the sharp Dot Com overall market decline at that time and good gains were achieve during the financial crisis of 2008.
The ETF Digest began attracting favorable coverage in Barron’s with three positive reviews in 2002, 2004 and 2007.
How many times have I kicked myself because I thought I could outsmart my own system? When I first started trading, it seemed perfectly natural to do things like put off placing an order because I was waiting for current news stories to develop favorably, thinking that I, rather than some system, knew more about current market conditions. I thought it was prudent to err on the side of caution, and, in short, I was not pulling the trigger when I was supposed to. This is a recipe for certain failure for any trader. This is true whether you trade off the signals generated by The ETF Digest or by any other system. A wise trader once said, "An inferior system, consistently implemented, is superior to a great system inconsistently implemented."
It makes sense for investors to spread their portfolio over a wide asset class. The ETF Digest offers effective trading signals on a wide variety of market sectors, and I hope that subscribers will benefit by placing themselves in the strongest sectors and out of the weakest sectors at the best time.A key risk-reducing strategy that will optimize overall portfolio return has been the advent of ETF's (Exchange Traded Funds). These low-expense securities allow investors broad market exposure, flexibility (including the easy ability to short), and little individual stock risk.
I hate losing money. Everyone does. Yet, if you were operating a newsstand on a street corner, you'd lose money from time to time. It happens. Accept trading losses as a cost of doing business and move forward. It's the only path to success.
A "buy and hold" approach is a prescription for ultimate failure. Even the "averaging down" principles touted by many experts have proven to be a disaster. Just ask investors involved in the 1973-75, 2000-2002 and more recent bear market how well their stocks recovered when at last bull markets resumed. Many of the hottest stocks from those markets disappeared from the scene and never returned. Bull market maxims such as "buy and hold," "invest for the long term," and "average down" are hurtful to investors. Fee-conflicted firms want investors to stay in the market for the long term so they can earn long-term fees.
The NASDAQ, for example, peaked in 2000 at a level over 5,000 and nearly 10 years later is half that level.
One of my favorite people once said, "There are many ways to get to heaven." That maxim may also apply to investing or trading the markets. Warren Buffet, Peter Lynch, Bill Gross, and Barton Biggs are just a few of the more famous names on Wall Street. They each have different methods, but they do share some things in common. They are successful because they are disciplined and consistent in their methods. I respect that in them. They would not necessarily agree with my style of investing, but they would respect the discipline and the results.
Years ago, when I was running my own brokerage firm, an opportunity was presented for me to hire a gentleman who possessed a PhD. He was a great guy whom I liked very much, but unfortunately, the relationship didn't work out for either of us.
Shortly after I retained his services, I excitedly told my mentor and best client of what I thought was a hiring coup for my company. His silence let me know he wasn't impressed. About two weeks later, I received a plain manilla envelope from him containing a photocopy of an essay entitled, "From the Garden." It was written in the 1930's about the great economist, John Maynard Keynes. In London during this period a group of very smart and well-connected financiers had convinced Keynes to manage a public fund that they would market. His stellar reputation and credentials would surely bring in many clients, and high fees would flow to these organizers and Keynes. It never occurred to them that Keynes couldn't manage money. During a short period of time, the value of the assets garnered by these individuals and entrusted to Keynes dwindled away. He was quietly removed from the management of the portfolio and returned to his proper role as an economist.
The bottom line: Keynes didn't have the stomach for trading and wasn't able to pull the trigger.
How does the ETF Digest determine its Market signals?
The ETF Digest studies markets from a technical chart perspective trying to identify and invest in emerging market trends. This is done through a careful analysis of "daily", "weekly" and "monthly" charts of indexes and related ETFs or securities.
Our focus is to identify trends that may prove long-lasting and profitable.
Our objective is to make “two-thirds” of long-term market trends.
Our trade methodology is as follows:
Bold/brilliant---while typical for you, truly unique as opposed to the lyin media/gov./ Dog 6/5/2016
IMO BEST DAILY MKT RECAP Dec. 18, 2015 vxx46 Twitter feed
Send Dave my best, I love his insight. Dec. 14, 2015, D. McCarthy [Premium member since 2009]
Good stuff. Ugly charts. Nate Sterling, Dec. 13, 2015, Seeking Alpha
Beautifully (sic) analytic graphs, David, but an ugly picture of our current investment environment. As Elvis might say, "I'll have a blue, blue Christmas..." 26891391, Dec. 12, 2015 Seeking Alpha
Great charts and analysis David. Indeed, the news encompass all of your aforementioned definitions, in other words they are deceptive to the unsuspecting investor ("smart money" always tries to conceal it's real intentions from the general investing public; however traders know best and are always prepared by following closely all chart period trends). cfetrader 11.7.15
Mr Fry: thanks so much for the work you do which saves me hours and hours sifting and charting data. (I generally follow a technical approach to the market) Your work allows me to quickly see trends on market/sector level. Your pithy comments also prod me to think on my own. Obviously I have to use your data and my additional analysis to make a buy or sell. A very valuable SA resource. couldashoulda 10.29.15
After more than 40 years in the investment advisory business, I've elected to retire ... good grief, do I have to get into gardening (?) or bird house building (?). I so much enjoyed ETF Digest (I think for 15 years or so), your daily epistles as well as your timely sense of humor. My cudos to Dave and all of yinze (that's Pittsburgh speak) at ETF Digest. Best wishes to all. Irv P. 9.16.2015
I find your graphs and succinct, grounded comments to be extraordinarily useful. A picture is worth a thousand words, but your brief words add something invaluable. Very appreciative of your work. Cheers. An10 June 11, 2015
Good roundup and nice charts! Saltyman June 6, 2015
Great article and as always very informative chart anaylsis. cfetrader June 5, 2015
One of your greatest gifts has been the exposure of the "2:15 express" (probably the single biggest cause of the market going from 6500 to the totally absurd/corrupt levels today) Thanks. You are the only one to tell about all the deception going on. Doug C. January 20, 2015
Thanks for the years of providing an excellent product. I'm a big Dave Fry fan. Neil S., January 2, 2015
Hello, I only have time each day, or a few times a week, to read Dave's Daily and that's it (and they are excellent). Stuart W. December 14, 2014
"Intraday Commentary & overall portfolio structure. Very much enjoy the commentaries from D.Gillies and others..."
"Sorry - I am pretty new to this whole game, so take my comments lightly please. What is most valuable to me is Dave's open debate, i.e. where he says the upside and downside of a situation, and then makes his summary call. Too many other blogs only make a case pro or con and, unsurprisingly, those blogs tend to be viewed by readers as un-credible. Credibility and charts is why I read this digest."
"He is among the best in the game, and just keep being Dave as true Dave....not afraid to be wrong as wrong.....He have one of the soundest head, and it is okay to be wrong, as LONG as we have gather most odd on our side....uh, Dave's side......... never have much trust in the technical chart's longevity in "correctness"......anyway ......"
"Keep comenting (sic)on all the dirty tricks hedge funds or HFT or all the other greedy professional money managers do. I can't find where to read about this anywhere else as clear as Dave do it."
"I value Dave's Daily for the Overview, charts and humor and his experience overall for depth of analysis. The reason tech analysis, and for that matter, fundamentals don't produce the results they used to, is because the degree of lawlessness and fraud is unprecedented. Casinos are more fairly run and better regulated with no HFT distortion. I wouldn't change Dave's Daily; you just have to acknowledge the environment we're operating in and everyone has to modify their strategies accordingly ."
"I value Dave's personal opinion very highly. It is concise and to the point. The connection to other web pages as needed has also been very helpful."
"Short term view. Everything I tried with recs failed."
"It helps me make better decisions on Sunday evening, when Asain (sic) markets open for business, as far as the upcoming week."
"Dave is brilliant, humorous and is a teacher. I am not invested at this time because of the overt manipulation of the markets and so I have not YET availed myself of the premium services."
"Just interesting to see his read on the markets versus my own."
"Helps me time buy/sell decisions & I rarely invest in etf's but the charts give insights into what's happens in a different sector."
"The daily S&P chart with Dave's cryptic comment gives me a quick overview of the day's event. This has been very valuable to me in planning my next day's activity in the market. Other charts also give me a quick review of what is going on in various sectors of the market as well as in the international markets."
"HELPS LONG TERM"
"Have taken similar positions when long or short has been indicated."
"..x-check / verify Dorsey Wright P&F / Relative Strength discipline § provides a macro backdrop. I subscribe to a couple of newsletters and keep up to date via a few blogs. Dave's Daily is one of my valued resources"
"I greatly respect Dave and I have learned so much from him! Dave's Daily is absolutely essential reading (next to ZeroHedge). No improvement possible for someone at the top of his game. My only suggestion would be to add more content from David Gillie , who has been writing some very interesting articles as well. Merry Christmas and a Happy New Year to everyone at ETF Digest! Kind regards. ps: Dave, I know from time to time people have been giving you a hard time for staying on the sidelines and in cash. I've got the same problems with my family members who consider 'cash' a four-letter word. FOOLS!! Please ignore the noise and focus on what your experience is telling you. I can't thank you enough for sharing your thoughts with others."
"Love the weekend videos, please do more."
"Especially like the posting of other market experts to round out analysis of markets, charts, events."