The milestones of the major indexes, which I talked about last week, are in the rear view mirror now, and the question remains as to how high we can go. Since last week’s ETF Model Portfolio post, the S&P 500 has added some 0.7% to settle at 1,406, although the fly in the ointment has been low volume. Reaching a …
Major Market ETFs Fall On China Growth Worries; XRT Rises, GAZ Drops
US stocks retreated Tuesday as China growth worries overpowered upbeat US housing market data. The pullback wasn’t surprising to me; actually it was long overdue, as the indexes had been inching towards historic highs with consecutive gains in the last few sessions. Today’s (minor) sell off was triggered by falling commodity prices over Chinese growth worries. Copper prices sank 2 …
Equity ETF Indexes Advance; GAZ On Fire, VXX Sinks
US stocks continued their advancement Monday, as modest homebuilder’s data indicated the sector’s gradual recovery ahead of other housing-related data this week. The gains were supported by Apple’s hefty dividend announcement and $10 billion share buy-back program over the next three years. Tech stocks advanced the most though some of the heavyweights retreated. US 10-year notes tanked for the ninth …
Traveling
Today’s market commentary will appear later than planned, as I am traveling for most of the afternoon and evening. I hope to have it posted by about midnight PST.
ETFs/Mutual Funds On The Cutline – Updated Through 3/16/2012
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 398 ETFs, of which currently 349 (last week 356) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 3/18/2012
In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 3/18/2012. Last week’s overhead resistance was overcome as the Dow and the S&P 500 cleared their respective hurdles of 13k and 1,400. That brings up the question as to how much higher can we go …