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 2/17/2013.
It just does not seem possible that the trading range can get any tighter than it has been this past week. The S&P 500 gained 2 points from a week ago and featured a weekly range of 4 points with the low and the high being 1,517 and 1,521 respectively.
Volume was conspicuously absent, which could be interpreted as investors not having much interest in more equity exposure at these lofty levels. It’s not a secret that the markets are out of whack with economic reality and that some sort of meaningful correction is way overdue.
Nevertheless, the question remains as to whether we will continue to bounce against this glass ceiling and eventually break through to higher levels, or this was the high for this post election rebound.
Fortunately, when following trends, we don’t concern ourselves with the unknown answer to this question; we will simply let our sell stops be our guide to exit our positions should the need arise.
Over past week, we covered the following:
How Crucial Is The Euro Exchange Rate?
New ETFs On The Block: First Trust Preferred Securities And Income Fund (FPE)
ETF/No Load Fund Tracker Newsletter For Friday, February 15, 2013
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 2/14/2013
Stocks Barely Move On European Concern; Recession Weighs On Europe
US Stocks Crawl Higher On Data, Speech; Europe Extends Gains For The Second Day
7 ETF Model Portfolios You Can Use – Updated through 2/12/2013
Market Indexes Inch Upward As Dow Hits Five-Year High; Europe Gains on Barclays
Indexes Drift Lower In Lackluster Trading; Novo Nordisk Puts A Drag On Europe
ETFs/Mutual Funds On The Cutline – Updated Through 2/8/2013
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