[Chart courtesy of MarketWatch.com] US equities mostly closed lower even as blue-chip stocks managed to cling onto modest gains after economic reports from the US, China, Japan and Europe increased concern the global economic recovery is worsening. Chinese manufacturing slowed down for the 11th straight month in September after a HSBC preliminary purchasing manager’s index reading ticked up slightly to …
US Stocks Inch Higher On Housing; Europe Gains On Japanese Stimulus
[Chart courtesy of MarketWatch.com] US stocks snapped a two-day mini-decline to finish slightly higher Wednesday after existing US home sales came in better than estimated while Japan announced additional monetary stimulus to boost a stagnating economy. The indexes turned lower early on following a Commerce Department report that showed housing starts in August grew at 2.3 percent to an adjusted …
7 ETF Model Portfolios You Can Use – Updated through 9/18/2012
Following the Draghi announcement 2 weeks ago, the Fed stepped up to the plate by going “all in” with its QEternity plan of buying some $45 billion in mortgage backed securities per month. The program is open ended meaning there is nothing else for the Fed to announce in terms of more stimulus until this plan has run its course. …
Market Indexes Dip On Europe Worries; Banks, Oil Firms Drag Europe Lower
[Chart courtesy of MarketWatch.com] Despite the housing market showing signs of improvement in September, US stocks closed mostly lower for the second straight day Tuesday on uncertainties in Europe as Spain continues to drag its feet over seeking a formal bailout from the European Central Bank despite Spanish 10-year borrowing costs edging higher in recent auctions. My view of why …
Equity ETFs Step Back As Manufacturing Disappoints; Europe Hits Gridlock
[Chart courtesy of MarketWatch.com] Equity ETFs took a breather to close lower Monday as last week’s Fed stimulus-driven euphoria faded after a disappointing New York area manufacturing data forced investors to mull over the health of the economy. Maybe some of the realization is sinking in that all is not well as markets have chosen to ignore economic fundamentals by …
ETFs/Mutual Funds On The Cutline – Updated Through 9/14/2012
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 375 (last week 350) of them are hovering in bullish territory. The second report …