[Chart courtesy of MarketWatch.com] Equities plunged today with the S&P 500 and NASDAQ extending losses for the third straight day as investors chose to remain on the sidelines while third quarter earnings season started unofficially. The Dow Jones Industrial Average (DJIA) slipped 110 points, finishing lower for the second day in a row. The 30-stock blue chip index turned overtly …
Earnings Worries Pull The Major Indexes Off Their Highs; Europe Stumbles
There was no surprise in this corner as Wall Street pulled back in anticipation of a weak earnings season with the 11-quarter year over year streak of gains being in jeopardy. Even though expectations have been ‘dumbed’ down, it’s still questionable whether this very low bar can even be conquered. If not, we’re in for a pullback, which is long …
ETFs/Mutual Funds On The Cutline – Updated Through 10/5/2012
ETFs/Mutual Funds On The Cutline – Updated Through 10/5/2012 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 350 (last week 348) of …
Last Week In Review: ETF News And Blog Posts To 10/7/2012
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 10/7/2012. After some aimless meandering for a couple of days, upward momentum picked up, and the S&P 500 managed to add some 1.5% for the week. The mode of operation continues to be the same, …
ECB In Wait And Watch Mode; Will They Have To Act?
The European Central Bank is in a wait and watch mode, says Ansgar Belke, chair for macroeconomics at the University of Duisburg-Essen, and is unlikely to do something extraordinary, like it did in September. Mario Draghi’s pledge to do whatever it takes to preserve the euro and plans to buy unlimited bonds from the secondary markets to bring down borrowing …
New ETFs On The Block: Index IQ Hedge Market Neutral Tracker ETF (QMN)
IndexIQ, the leading New York-based issuer of alternative index-based ETFs, has announced the launch of IQ Hedge Market Neutral Tracker ETF (QMN), a fund that provides investors exposure in a range of liquid and transparent market-neutral hedge funds by investing in a range of ETFs. QMN tracks the IQ Hedge Market neutral Index, a proprietary benchmark that seeks to replicate …