[Chart courtesy of MarketWatch.com] US equities surged higher Tuesday, extending gains for the third straight day with the S&P 500 clipping the 1,400 mark and the NASDAQ sitting atop 3,000 for the first time in three months on hopes the European Central Bank will intervene soon to halt rising Spanish and Italian borrowing costs. Let me be clear again. Markets …
Major Indexes Extend Weekending Rally Even As Europe Dithers; TAN Shines, VIXY Fades
[Chart courtesy of MarketWatch.com] Major market indexes closed higher Monday extending Friday’s rally as investors remained positive over news of lower Spanish and Italian borrowing costs and a stronger-than-expected jobs report last Friday. The Dow Jones Industrial Average (DJIA) rose 21 points paring the day’s 91-point gain. Within the Dow, the breadth remained positive with 19 of the index’s 30 …
ETFs/Mutual Funds On The Cutline – Updated Through 8/3/2012
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 283 (last week 265) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 8/5/2012
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 8/5/2012. In a repeat from the prior week, the S&P 500 dropped four days in a row only to make up all and then some on Friday ending the past five trading days slightly to …
RDQ Economics: Mario Draghi Needs To Deliver On His Pledges
There has been much disappointment over European Central Bank President Mario Draghi’s apparent failure to initiate another round of bond purchases from the secondary markets to bring down Spanish and Italian 10-year yields. While Draghi signaled the central bank intends to buy sovereign bonds to bring down borrowing costs, he conceded that differences with the German Bundesbank remain over the …
08-05-2012
The ETF/No Load Fund Tracker—Monthly Review—July 31, 2012 Super Mario’s Pledge Pulls Stocks Out Of The Doldrums The European Central Bank President Mario Draghi’s pledge to do “whatever it takes” on July 26 to restore investor confidence in the euro zone triggered a global market rally. Speculation was rife the ECB will initiate another round of LTRO, restart the Securities …