It’s been a rollercoaster month, and the last week was no exception. The S&P 500 gave back some 1.9% and is now negative for July. Europe’s debt crisis seems to be worsening by the day as Spain and Italy both appear in dire straits with the Spain FinMin having travelled to Germany to visit his counterpart, tin cup in hand, …
US Equites Head South As Greece Takes Center Stage Again; VIXY Vaults, EWP Sinks
[Chart courtesy of MarketWatch.com] US equities headed south again, extending losses for the third straight day amid fresh concerns over Greece at a time when its bigger neighbors Spain and Italy are clearly heading for trouble. The “troika” of the International Monetary Fund, the European Council and the European Central Bank reached Athens amid speculations that the country will miss …
Europe Worries Pulls Major Market ETFs Lower; VIXY Spikes, EWG Crashes
[Chart courtesy of MarketWatch.com] Major market ETFs posted their second straight loss Monday with all three indexes finishing lower over investors’ concern that Spain may request a full-fledged bailout package, triggering a sell-off and boosting the greenback. The Dow Jones Industrial Average (DJIA) finished off 101 points, or 0.8 percent, recovering from an early near 240-point fall. Within the Dow, …
ETFs/Mutual Funds On The Cutline – Updated Through 7/20/2012
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 224 (last week 196) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 7/22/2012
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 7/22/2012. After market strength during the early part of the week, some reality set in as the major indexes sold off sharply on Friday ending the past five trading days with a minor gain. Europe …
Pactum Asset Management: Are Agricultural Commodities Overvalued?
As the US witnesses a near unprecedented drought situation, agricultural commodities have soared in the last few weeks. Is there a possibility for further upsides in the agricultural commodities space? Simon Wainwright of Pactum Asset Management thinks there’s limited upside potential for agricultural commodities now since stock prices of many companies have jumped more 40 percent in the last 46 …