The long awaited and overdue correction finally set in with the S&P 500 sliding 5 days in a row. Since last week’s ETF Model Portfolio report, this benchmark has surrendered 3.8%. Downward momentum accelerated over the past couple of days as a result of last Friday’s poor jobs report and renewed concerns about the European debt crisis with Spain’s rising …
US Stocks Slip For Fifth Day; VXX Surges, GAZ Tanks
[Chart courtesy of MarketWatch.com] US stocks closed sharply down Tuesday, extending losses for the fifth session as fear trade gathered steam over Eurozone’s financial health. All the three major stock indices tumbled more than 1.5 percent after the spread between Spanish and German bond yields surged in European trade, bringing back memories of the Greek crisis just before the beginning …
US Equity ETFs Suffer Delayed Fall On Weak Jobs Data; VXX Rises For The Fifth Day While GAZ Slips
[Chart courtesy of MarketWatch.com] Following the government’s nonfarm payrolls report on Friday that showed companies added fewer jobs than forecast, US stocks suffered their biggest loss in over a month on Monday, reacting on the first trading day since the report was published last week. Analysts however, attributed Monday’s pull-back to profit booking by investors, pointing out average monthly job-addition …
ETFs/Mutual Funds On The Cutline – Updated Through 4/5/2012
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 326 (last week 346) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 4/8/2012
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 4/8/2012. Again, last Monday provided the fireworks, after which we went downhill during the next four trading days. Contributing to the decline of the major market ETFs during this Holiday shortened week were the notes …
US, Japan Stocks Look Good From Valuation And Growth Perspective
Much have debated over the US job data for March and whether the growth momentum can be sustained. Analysts have predicted a pull back of up to 10 percent before markets rebound. John Vail, chief global strategist and head of asset allocation of Nikko Asset Management in Tokyo thinks US job growth is robust and one weak month doesn’t indicate …