[Chart courtesy of MarketWatch.com] US stocks gave up early gains Tuesday to hit a two-week low despite positive reports on US housing and consumer confidence after Philadelphia Fed President Charles Plosser said the central bank’s latest debt purchase program is unlikely to boost growth. Equities had moved north earlier after a Conference Board report showed US consumer confidence surged in …
Equity Indexes End Lower Over Europe, Growth Worries; Greece Concerns Surface Again
[Chart courtesy of MarketWatch.com] US stocks lost traction Monday with the S&P 500 extending losses over the weekend for the third straight day as data from China and Germany indicated global recovery is slowing while Europe squabbled over the deadline of proposed banking oversight system. The Dow Jones Industrial Average (DJIA) lost 21 points while the S&P 500 Index (SPX) …
ETFs/Mutual Funds On The Cutline – Updated Through 9/21/2012
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 363 (last week 375) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 9/23/2012
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 9/23/2012. Market volatility slowed down after the Fed’s QEternal announcement last week, but the question in my mind is whether we’re topping here at these levels, as some technicians seem to indicate, or if it’s …
Spain Is Hoping To Secure Bailout Without Troika Supervision—Will That Work?
The question that’s on everybody’s mind is should Spain seek for a bailout to tide over the current crisis? Even Europe seems to be divided on whether Madrid should actually seek ECB intervention. Spain must ask for ECB help now to avoid panic moments later, feels Luis Garicano, a professor of Economics at the London School of Economics. Since borrowing …
New ETFs On The Block: Advisorshares Star Global Buy-Write ETF (VEGA)
AdvisorShares, the Bethesda, Maryland-based issuer best known for its actively managed strategies has announced the latest addition to its products portfolio, the Star Global Buy-Write ETF (VEGA), marking the firm’s the sixteenth fund launch. VEGA is the first product into the buy-write segment from AdvisorShares that buys global ETFs and sells covered calls against them with an aim to generate …