[Chart courtesy of MarketWatch.com] US stocks barely budged after another day of low volume trading as shrinking economies in Europe and Japan overshadowed better-than-expected jobless claims on a banner day for M&A deals. The US jobless claims fell by 27,000, the most in a month, to 341,000 in the week ended Feb 9, a Labor Department report showed; that is …
US Stocks Crawl Higher On Data, Speech; Europe Extends Gains For The Second Day
[Chart courtesy of MarketWatch.com] While blue-chips declined, most US stocks closed marginally higher Wednesday, sending the Standard & Poor’s 500 Index to the highest level since Oct 2007 as investors compared slowing retail sales with slightly upbeat earnings report. Before markets opened, data released by the Census Bureau showed US retail sales rose at a seasonally adjusted pace of 0.1 …
7 ETF Model Portfolios You Can Use – Updated through 2/12/2013
The major indexes meandered in a tight 8 point trading range (S&P 500) but ended up closing at the high point with the Dow regaining its 14k milestone marker again. It comes as no surprise to me that momentum seems to be slowing as we’re honing in on multi-year highs for the S&P 500. With economic fundamentals being totally disconnected …
Market Indexes Inch Upward As Dow Hits Five-Year High; Europe Gains on Barclays
[Chart courtesy of MarketWatch.com] US equities edged up Tuesday sending benchmark indexes to five-year highs, as earnings topped street estimates and investors looked ahead to President Barack Obama’s State of the Union address in the evening. In economic news, the US Treasury reported a budget surplus of $2.9 billion for January, beating estimates of a $2 billion deficit. Overseas, finance …
Indexes Drift Lower In Lackluster Trading; Novo Nordisk Puts A Drag On Europe
[Chart courtesy of MarketWatch.com] The major index ETFs finished marginally lower Monday on the lightest volume trading day of 2013 as investors took a breather after the recent rally and reassessed the markets that have pushed the S&P 500 and the Dow Jones near all-time highs. With no significant economic and corporate-earnings news to chew on, markets took a pause …
ETFs/Mutual Funds On The Cutline – Updated Through 2/8/2013
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 367 (last week 368) of them are hovering in bullish territory. The second report …