US indexes finished marginally higher Wednesday as improved services sector and payroll data lifted investor sentiments but the gains were pared after China’s official non-manufacturing PMI reading for August dropped to the lowest level since March 2011. The Institute for Supply Management’s non-manufacturing index that covers nearly 90 percent of the economy rose to 55.1 in September from 53.7 in …
7 ETF Model Portfolios You Can Use – Updated through 10/2/2012
Despite one sharp down day last week, the S&P 500 continued to ride the trading range and added some 4 points since my last ETF Model Portfolio report. Upward momentum in the indexes has definitely slowed down as the Fed’s ongoing and open ended QE program no longer provides the market with what it’s been living on for the past …
Dow Industrials Closes Lower On Spain Worries; Banks Slip In Europe
[Chart courtesy of MarketWatch.com] The major indexes finished mixed today with the Dow Jones Industrial Average sinking for the first time in three days after Spanish Prime Minister Mariano Rajoy contradicted a previous Reuters report that said the country could seek help from the European Union as early as this weekend. The Dow Jones Industrial Average (DJIA) closed 33 points …
Equities Fizzle After Bernanke Speech Disappoints; Europe Ends Higher On ISM Data
[Chart courtesy of MarketWatch.com] US equity ETFs ended the first day of the quarter mostly higher after data released by the Institute for Supply Management showed US manufacturing activity rose to 51.5 in September, marking its first expansion in four months. However, risk appetite diminished after Fed Chairman Ben Bernanke said headwinds to the economy due problems in Europe and …
ETFs/Mutual Funds On The Cutline – Updated Through 9/28/2012
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 348 (last week 163) of them are hovering in bullish territory. The second report …