Another breathtaking day in the market, this time on the bullish side, pushed the S&P 500 exactly back to Tuesday’s level. A modest rebound, fueled by better jobless claims and no bad news out of Europe, turned into a monster rally as short covering proved to be the catalyst to wipe out Wednesday’s losses. Of course, as we have seen …
Another Wild Ride For Equity ETFs
If the market swings and this enormous volatility leave you speechless, you’re probably not alone. Based on today’s market activity, yesterday sure looked like a dead cat bounce. Contributing to the negative bias were recession concerns at home and the ever worsening debt crisis in Europe, for which there simply is no painless solution. This is the type of market …
Now 7 ETF Model Portfolios You Can Use – Updated through 8/9/2011
Wild swings in the market affected our model portfolios. With our Domestic TTI now having slipped into bear market territory, I turned our #1 Trend Tracking Portfolio into a hedged portfolio as announced 2 days ago. While yesterday’s rebound was dramatic in scope, it remains to be seen if it was simply a dead cat bounce or if there is …
Major Market ETFs Recover From Abyss
It was another wild day on Wall Street, as the Dow dropped from a gain of 150 points to a loss of more than 200 points, followed by a recovery of 430 points. The main event of the day was the announcement by the Federal Reserve that QE-3 is not on the table (disappointment), but that interest rates may remain …
Equity ETFs Get Slammed – Domestic Trend Tracking Index (TTI) Slides Into Bear Market Territory
There was no place to hide as global markets got slapped with the bears in firm control of market direction. Our Domestic Trend Tracking Index (TTI) finally succumbed, after dancing around its trend line last Friday, and sliced clearly into bear market territory. Here are the latest numbers after the close today:
A New Uncertainty Surfaces – Expanded ETF Master Cutline List – Updated through 8/5/2011
Every so often I talk about known and unknown uncertainties, and the power they have to derail markets, especially in today’s volatile environment. The latest uncertainty, which became known after the markets closed on Friday, was S&P’s downgrade of U.S. debt from its sterling AAA rating to AA+. While the possibility of a downgrade was not breaking news, the sudden …