In case you missed it, here’s a summary of the ETF topics and market commentaries I posted to my blog during the week ending on 6/16/2013.
The prior week’s roller coaster ride continued as the major market indexes meandered in a range without clear direction. The S&P 500 gave back about 1% as fear of the Fed reducing its monthly bond purchases of $85 billion remains alive and well.
It seems as though we’ve been bouncing off a glass ceiling unable to break through. Until there is clear evidence as to when/if the Fed starts its tapering process, the markets may continue trading sideways until, eventually, a breakout will occur. Too much uncertainty will likely bring the downside into play with a major support level being the S&P’s 50-day moving average, which currently hovers around the 1,600 level.
Over past week, we covered the following:
One Man’s Opinion: Are The Markets Being Perfectly Logical Now?
New ETFs On The Block: DB-X Tackers Introduces Income-Oriented Industry First ETFs (RVNU, UTLT)
ETF/No Load Fund Tracker Newsletter For Friday, June 14, 2013
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 6/13/2013
Domestic Data Returns Stocks Winning Ways
7 ETF Model Portfolios You Can Use – Updated through 6/11/2013
No Convictions—Markets Slip In Quiet Session
ETFs/Mutual Funds On The Cutline – Updated Through 6/7/2013
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