[Chart courtesy of MarketWatch.com] US stocks slipped Tuesday with the Dow Industrials declining for the first time in four days after the minutes from the Federal Reserve Open Market Committee indicated lesser possibility for further monetary stimulus. The markets reminded me of that famous Rolling Stone song “you can’t always get what you want,” as another QE had been expected. …
US Equity ETFs Rally Into The Second Quarter; GAZ Pops, VXX Tanks
[Chart courtesy of MarketWatch.com] US stocks rallied Monday, extending last week’s advances, after better-than-expected latest domestic manufacturing data stretched Wall Street’s best first quarter since 1998. The Dow climbed to its highest level since 2007 after the Institute of Supply Management’s index on manufacturing activity rose to 53.4 in March, slightly beating market expectations. The Federal Reserve kept buying debt …
ETFs/Mutual Funds On The Cutline – Updated Through 3/30/2012
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 346 (last week 349) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 4/1/2012
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 4/1/2012. After Monday’s surge, the major market ETFs spent the remainder of the week in a sideways pattern but managed to close out the quarter on the upside. Small pullbacks did not accelerate to the …
US Stocks May Witness Pull Back After Q1 Results, Says Wells Fargo Portfolio Strategist
The S&P 500 has grown 12 percent in Q1, 2012. Is the market headed for a correction or are the indexes fairly valued? If Brian Jacobsen, chief portfolio strategist at Well Fargo Advantage Funds, is to be believed, it’s unlikely we will see a sharp correction. Instead we may witness a pullback, similar to the one we saw at the …