[Chart courtesy of MarketWatch.com] Equity ETFs closed mixed Thursday, with the broad market recouping losses in late trading as investors remained uncertain amid today’s lackluster economic report and the ongoing negotiations in Europe that may ultimately push Greece out of the single-currency union. It was almost a repeat of yesterday’s afternoon rebound but less dramatic. Domestic economic numbers failed to …
US Stocks Fight Back Clinging To Rumors After Sharp Initial Fall; GLDX Glitters, GAZ Sinks
[Chart courtesy of MarketWatch.com] US stocks fought back in the final hour of trading Wednesday despite witnessing sharp declines with the NASDAQ and the S&P 500 reclaiming the green territory even though the threat of a possible Greece exit continues hang over the markets. If things look desperate, hanging on to the latest rumor can restore momentum as ZeroHedge points …
7 ETF Model Portfolios You Can Use – Updated through 5/22/2012
Thanks to Monday’s dead cat bounce, if that’s what it was, the S&P 500 only leaked to a loss of some 1% since last week’s Model ETF Portfolio update. Initial euphoria in regards to “Fallbook’s” IPO last Friday has vanished, and it now appears that the masses have been slaughtered as the IPO price from 3 days ago remains nothing …
Major Market ETFs In Stall Speed As Concern Over Europe Lingers; VXX Soars, GDXJ Tanks
[Chart courtesy of MarketWatch.com] Wall Street closed flat Tuesday despite surging in early trade as worries over Europe overshadowed upbeat US economic reports. The above chart says it all. The markets turned choppy in the last hour of trading as Dow Jones Newswire reported that former Greek Prime Minister Lucas Papademos has said Greece is preparing to leave the 17-member …
US Equities Bounce Back From Worst Week Of The Year
[Chart courtesy of MarketWatch.com] US stocks bounced back Monday to break the weeklong losing streak as broader markets rallied, despite social-networking site Facebook plummeting more than 10 percent following its Friday debut. The S&P 500 snapped its six straight day of losses to post its best session in two months while the Dow made the biggest single-day gain in over …
Delayed Posting
I will be traveling all day and won’t have a chance to get today’s market commentary out in a timely manner. I anticipate to get it posted and emailed by midnight PST. Ulli…