Life after the completion of the endless debt ceiling debate proved to be a challenge for Wall Street, as finally the economic reality sank in that all is not well with the alleged 2nd half recovery. With today’s sharp selloff, serious technical damage was done, as widely watched major trend lines were violated, which could invite more selling. Especially disheartening …
Market Review – Mutual Funds On The Cutline – Updated as of 7/29/2011
Indications of a deal to raise the debt ceiling had the futures market soaring prior to Monday’s opening. Well, the euphoric rebound actually happened, but it turned out to be short lived, as the major market ETFs staged a 180 degree reversal, only seen 10 times since 1985, and a steep sell off ensued. It was simply a violent display …
Expanded ETF Master Cutline List – Updated through 7/29/2011
With the markets having sustained losses for 5 straight days, it’s no surprise that the number of ETFs hovering above the cutline has been severely reduced from the prior report. This week, there are 188 ETFs listed above the cutline (down from 321) and 208 below it (up from 75), which is a clear indication of a change in market …
Last Week In Review: ETF News And Blog Posts
In case you missed it, here’s a summary of the ETF topics that I posted to my blog during the week ending on 7/29/2011. The drubbing continued, and the S&P 500 ended up losing 3.9% for the week. As I posted yesterday, we are within striking distance of breaking the S&P’s 200-day moving average to the downside, which will not …
Reviewing The ETF Equivalent Of PRPFX
Much has been written about the creation of an ETF equivalent of the popular Permanent Portfolio fund (PRPFX). As you know from my Wednesday ETF Model Portfolio listings, a combination of PRPFX with a variety of ETFs has been my preferred mode of operation during these times of uncertainty. From the articles covering the subject, none of them offered a …
ETF Leaders And Laggards – For The Week Ending 7/29/2011
Here is a quick ETF review of the past week’s winners and losers from my High Volume ETF Master list: As the markets got clobbered last week, the flight to safety was an obvious choice for those who buy and hold and/or have no exit strategy. Consequently, in the ‘Leader’ section, the Swiss Franc (FXF) ruled, followed by long-term Treasuries …