[Chart courtesy of MarketWatch.com] US equities advanced today, sending the S&P 500 to its highest level since December 2007 as better-than-forecast housing data and initial jobless claims offset mixed corporate results. The boost came after the Commerce Department reported a sharp rise in the number of new homes being built in December. Housing starts vaulted 12.1 percent last month, the …
Indexes Are A Mixed Bag As Boeing Weighs On Blue-Chips; Europe Struggles On Growth Worries
[Chart courtesy of MarketWatch.com] US equities closed mixed as investors remained worried about the debt ceiling negotiations and global economic growth while a rebound for Apple Inc buoyed the technology sector. In economic news, the World Bank sharply cut its global growth forecast for this year citing austerity measures, low business confidence and high unemployment in advanced economies. The bank …
7 ETF Model Portfolios You Can Use – Updated through 1/15/2013
With the Fed’s monetary pump fest continuing at a rate of some $85 billion per month, it’s not surprising that a good part of that money flows into equities pushing the indexes higher without much of a pullback or without any regards to underlying fundamentals. The S&P 500 added about 1% since last week’s report, and yesterday’s awe inspiring 7 …
Early Sell Off Followed By Higher Close On Mixed Economic Data; Europe Ends Unchanged
[Chart courtesy of MarketWatch.com] US stocks fought back, rebounding from earlier losses Tuesday as a rally in retail and transportation shares eclipsed concerns about discussions on raising the debt ceiling in Washington, while further weakness for Apple weighed on the technology sector. On the economic news front, reports showed US retail sales rose 0.5 percent in December, led by an …
Dell Rally Is Offset By Apple Slide In The US; Europe Declines For A Third Day On Data
[Chart courtesy of MarketWatch.com] US equities closed mixed Monday, with two of the three benchmark indexes slipping into negative territory as Apple Inc’s near four percent drop amid concern about iPhone sales offset a rally in Dell Inc. Apple, the most valuable company, sank 3.6 percent that wiped out $17 billion in investor wealth after the Wall Street Journal and …
ETFs/Mutual Funds On The Cutline – Updated Through 1/11/2013
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 362) of them are hovering in bullish territory. The second report …