[Chart courtesy of MarketWatch.com] Domestic equity markets closed the trading session sharply higher as the fiscal stalemate on Capitol Hill is expected to possibly end a day before the Treasury’s debt ceiling is reached. The Senate is agreeing to a plan that will be voted on by the House later today. The day’s gains brought the S&P 500 within a …
7 ETF Model Portfolios You Can Use – Updated through 10/15/2013
Last week’s rebound, powered by endless hope that the government shutdown will come to an end over the past weekend, slowed down as the major indexes pulled back on lack of progress among the warring parties. Still, the S&P 500 managed to tack on 2.6% since last week’s model portfolio report, just about recouping the prior week’s losses. Despite earnings …
Uncertainty Hurts Stock Index ETFs
[Chart courtesy of MarketWatch.com] U.S. equity markets finished near their lows in a volatile session following a four day rally in the Standard & Poor’s 500 Index, as yesterday’s optimism that a deal among U.S. lawmakers was close seemed to slip away in the wake of continued bickering among the political parties that have stalled the talks. After the market …
Stocks Bounce Higher After Shaky Start
[Chart courtesy of MarketWatch.com] After beginning the day lower on the failure of U.S. lawmakers to come to a debt ceiling agreement to avoid a potential default, stocks ended a volatile session with modest gains to finish higher as bits of news about potential progress came throughout the day. Volume was lighter than usual due to the closure of U.S. …
ETFs/Mutual Funds On The Cutline – Updated Through 10/11/2013
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 327 (last week 321) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Is The Economy Ready For A Taper?
The economy has not improved enough for tapering to begin between now and the end of the year thinks Lindsey Piegza, chief economist at Sterne Agee & Leach and a member of the National Association for Business Economics. The uneven data is really the underlying reason why Fed officials remained consistent in their bond purchase program. The economy is yet …