Daily “Ways-to-Play” The News Before the Moves 2/3/2010

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CREDIT SUISSE: BUY THE DIPS – THE BEAR ISN’T HERE YET

Strategists at Credit Suisse entered 2010 with a very cautious tone and an outlook similar to our own – 2010 would be a year of halves. The first half would be a continuation of the trends that helped the market surge in 2009 while headwinds would build near H2 2010 and result in market declines. The recent downturn in stocks hasn’t changed their outlook and they view the sell-off as a buying opportunity

buy DJIA DIAMONDS (DIA)

buy Ultra QQQ ProShares (QLD)

buy Ultra S&P500 ProShares (SSO)

buy S&P 500 SPDR (SPY)

buy Nasdaq-100 Index Tracking Stock (QQQQ);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Zweig Fund Monthly Report – Jan 2010

Zweig Fund Monthly Report – Jan 2010

buy Zweig Fund (ZF);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Copper Market Set for ‘Catastrophe,’ Threlkeld Says

Feb. 2 (Bloomberg) — Copper prices, which more than doubled last year, are set to plunge as speculators unwind positions and global inventories expand, according to David Threlkeld, president of metals trader Resolved Inc.

sell S&P 500 SPDR (SPY)

sell iPath Dow Jones-AIG Copper Total Return Sub-Index ETN (JJC);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Asia shares rebound; resource stocks surge

Asia shares rebound; resource stocks surge

buy Asia Pacific Fund (APB);

Check out how others are using ETFs to capitalize on this news or add your own opinion

The Zweig Total Return Fund, Inc. Declares Distribution | Uwhich.com

The Zweig Total Return Fund, Inc. Declares Distribution | Uwhich.com

buy Zweig Total Return Fund (ZTR);

Check out how others are using ETFs to capitalize on this news or add your own opinion

New-home sales: ‘The industry has been basically obliterated’

Chicago-area builders sold 584 homes in the fourth quarter, up 3.9% from 562 in the year-earlier period, according to a recent report by Tracy Cross & Associates Inc. It was a positive end to an otherwise awful year for local developers, who sold just 3,753 units in 2009, down 41.0% from the year earlier and 88.7% from the market’s peak in 2005.

sell SPDR S&P Homebuilders ETF (XHB);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Europe is Lehman-fied, part deux

So it’s not quite at the 10.25bps level hit when Lehman Brothers collapsed in September 2008, but the difference between the iTraxx Main and Financials Senior CDS indices (a basic indicator of how credit investors are viewing corporates versus financials) is getting close.

sell iShares S&P Global Financials (IXG);

Check out how others are using ETFs to capitalize on this news or add your own opinion

What on earth are oil investors thinking?

s Schork states, there’s no denying the US economy began recovering in late 2009, but that recovery is producing a very different economy to the one we were used to back in 2007. Essentially, much of the gasoline expenditure US oil companies took for granted, has been “wiped off the map and is not coming back”.

sell United States 12 Month Oil Fund, LP (USL);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Demand for corporate loans in US falls

The Fed report underlined banks’ growing desire to lend to companies at a time when politicians are calling on financial institutions to aid the economic recovery by extending credit to companies and consumers.

sell KBW Regional Banking ETF (KRE);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Pimco’s El-Erian Says Retreat in Stocks Will Worsen as Economy Slumps

Feb. 3 (Bloomberg) — Mohamed A. El-Erian, whose firm runs the world’s biggest mutual fund, said the largest stock market decline in 11 months may worsen amid persistent U.S. joblessness and economic growth that trails analysts’ forecasts.

sell DJIA DIAMONDS (DIA)

sell S&P 500 SPDR (SPY)

sell Nasdaq-100 Index Tracking Stock (QQQQ)

sell iShares FTSE/Xinhua China 25 (FXI)

sell iShares MSCI-Emerging Markets (EEM);

Check out how others are using ETFs to capitalize on this news or add your own opinion

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