The major indexes meandered somewhat since last week’s ETF Model Portfolio update, although with an upward bias. Yesterday’s rebound, despite mediocre economic news but a better than expected bond auction in Spain, calmed some raw nerves, and the indexes shifted into overdrive finishing the day with a strong rally. Of course, how long this one-day euphoria will last, is anyone’s …
Major Market ETFs Rally As Worries Over Spain Ease; URA Shines, VXX Sinks
[Chart courtesy of MarketWatch.com] All major market ETFs pushed higher Tuesday as robust demand for Spanish debt eased global worries over a European contagion; at least for the time being, and until the next disaster strikes. The Dow breached the psychologically important 13,000 mark for the first time in more than a week as investors analyzed the quarter’s earnings data. …
US Equities End Mixed On Europe Concerns; ICF Crawls Up, VXX Sinks
[Chart courtesy of MarketWatch.com] US equities ended mixed Monday despite higher corporate earnings and better-than-estimated retail sales boosting sentiments as investors weighed US economic data with a contagion possibility in Europe. Heavy selling in the tech area more than offset a rebound in blue-chip stocks, dragging the major US indices down. Yield on benchmark 10-year Treasuries consolidated below the 2-percent …
ETFs/Mutual Funds On The Cutline – Updated Through 4/13/2012
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 316 (last week 326) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 4/15/2012
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 4/15/2012. Disappointment from the jobs report did indeed affect last Monday’s trading, as the spillover effect kicked in and took the starch out of any remaining upward momentum. Despite the 2-day rally on Wednesday and …
Is The US Economy Heading Towards A Recession? The Bears Certainly Think So
The latest US jobs data has brought the bears out in full force. And Gary Shilling, president of A. Gary & Co, is certainly no exception. Gary thinks the US recovery has primarily been driven by consumer spending as there has been a mini spending spree over the last few months. Though incomes rose slower than expenses, it looked earlier …