[Chart courtesy of MarketWatch.com] Stocks turned lower after a two-day rally, pulling the S&P 500 down from a two-month high, as negotiations to avert deep spending cuts and tax hikes hit a rocky patch, fuelling concerns the economy may go over the so-called fiscal cliff next year. White House Communications Director Dan Pfeiffer said President Obama would veto a tax …
7 ETF Model Portfolios You Can Use – Updated through 12/18/2012
Hope, that a compromise to the fiscal cliff issue will be soon forthcoming, proved to be a powerful driver, which propelled the major market indexes to another 1.3% gain (S&P 500) since last week’s ETF model portfolio report. Especially the past two trading days have seen the averages go vertical, which makes me wonder if this will a confirmation of …
Equity Indexes Go Vertical On Fiscal Cliff Hope; Eerie Chart Of The Day; Europe Tracks Higher
[Chart courtesy of MarketWatch.com] US equity indexes extended gains into a second session with the S&P 500 index hitting its highest level in two months amid signs of progress in Washington in reaching a deal to avert a hike in taxes and steep spending cuts next year. Stocks surged higher after House Republicans held a news conference to say they …
Hopium Lifts Equities As Budget Talks Are Still Alive; Europe Turns Lower On Cliff Worries
[Chart courtesy of MarketWatch.com] Led by gains in financial stocks, US equity indexes pushed higher with the S&P 500 logging its biggest gain in about a month, as markets weighed news of progress on budget negotiations in Washington to avoid tax hikes and spending cuts that may tip the economy back in recession. With about two week weeks remaining to …
ETFs/Mutual Funds On The Cutline – Updated Through 12/14/2012
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 341 (last week 342) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 12/16/2012
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 12/16/2012. A minor upside breakout was quickly rebuffed as worry and lack of progress about the impending Fiscal Cliff kept the markets in a tight range with the S&P 500 giving back 4 points for …