Yesterday’s rally ran into resistance, as an early bounce turned into an afternoon fade disappointing those that had hoped for more follow through to the upside. Fed Chief Bernanke’s speech sent the markets lower, as he offered no tangible details as to the assist he could provide in boosting the economy. Wall Street’s high expectations simply turned into disappointment. Unless, …
High Volume ETFs On The Cutline – Updated Through 9/7/2011
Despite yesterday’s strong rebound, the S&P 500 is still down by -1.64% from last week’s HV Cutline report. This is reflected by the number of ETFs above the trend line, which have dropped to 14 (last week 16), while 74 ETFs hover below it, which means they’re still stuck in bear market territory. To repeat, the High Volume ETF Cutline …
A Relief Rally For Equity ETFs
After 3 days of relentless selling, which caused the S&P 500 to lose -4.43%, it was time for a relief rally or possibly a dead cat bounce. The index managed to make up some of the recent losses by gaining +2.86% on the day as the chart, courtesy of MarketWatch.com, shows. There were several supporting actors lending an assist as …
7 ETF Model Portfolios You Can Use – Updated through 9/6/2011
In a reversal from the prior week, the S&P 500 managed to lose -3.96% since my last ETF Model Portfolio report on 8/31/11. Despite that drop, 5 of our 7 portfolios gained, while one stayed unchanged and one lost slightly. The reason is that, due to our sell stop discipline, we have gotten rid of all volatile positions and have …
Major Market ETFs Head Lower, But Damage Is Limited
At the open, the markets looked downright ugly as the Dow was briefly down some 300 points before a slow rebound cut into the early losses. Financial stability in Europe, or the lack thereof, along with a fallout from Friday’s poor unemployment numbers combined to support the bearish case for the moment. Yesterday’s pounding of the European markets caused by …
Precious Metal ETFs Remain The Leaders; ETF Master Cutline List – Updated through 9/2/2011
Another volatile week did little to change the ETF Master Cutline list, as now 47 ETFs hover above the line, while 349 remain below it and in bear market territory. The leaders are similar to last week in that Precious Metal ETFs still take top billing followed by bond ETFs of all different durations. No surprise there, as last Friday’s …