[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 …
Last Week In Review: ETF News And Blog Posts To 9/16/2012
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 9/16/2012. Not to be upstaged by Mario Draghi’s announcement that he will do “whatever it takes” to save the Euro during his prior week’s announcement, it was now Ben Bernanke’s turn to deliver the goods …
Why Spain May Not Seek A Bailout Anytime Soon
The European finance ministers met in Cyprus on Friday to discuss financial issues in the EU. One of the sticking points has been whether Spanish Prime Minister should seek ECB help by agreeing to adhere to the strict budgetary and fiscal conditions that are a prerequisite for such intervention. If Spain refuses to seek help formally, will the rally in …
New ETFs On The Block: Global X Junior Miners ETF (JUNR)
Chart courtesy of YahooFinance (Click to enlarge) Global X, the New York-based provider of exchange traded funds best known for its emerging market funds, has rebranded its Global X S&P/TSX Venture 30 Canada ETF to play the global small-cap miners niche. The Global X Junior Miners ETF (JUNR) tracks the Solactive Junior Miners Index and is the first ETF to …