After several attempts, the S&P 500 finally managed to pierce the glass ceiling represented by the 1,700 milestone marker. Not only did we close clearly above it (1,710), we remained there for three days until yesterday’s sell off took us back below that level. With the earnings season winding down and talk of tapering due later on this year accelerating, …
Major Market Index ETFs Drop Again On Earnings And Fed’s Comments
[Chart courtesy of MarketWatch.com] U.S. equity ETFs slid for a second consecutive day amid a plethora of mediocre earnings reports on both sides of the pond, despite the U.S. trade balance narrowing to its smallest deficit since October 2009. Adding to the negative atmosphere on the markets were comments from a pair of U.S. Federal Reserve officials fueling concern the …
Stocks Go Off Track With Light Volume Sell-Off
[Chart courtesy of MarketWatch.com] Despite favorable services sector activity reports from China and the U.S., as well as an upward revision to Eurozone business activity data, U.S. equity markets fell from record highs Monday to kick off the week. About 4.6 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, the lowest for a …
08-05-2013
The ETF/No Load Fund Tracker Monthly Review—July 31, 2013 US Equities Finish July Higher On Fed Talk, Europe Rallies On Better Economic Readings US stocks finished higher in July with all equity indexes hitting new highs as the Federal Reserve refrained from giving any hint on a potential September-taper or changes to its monetary policy after its latest FOMC meeting …
ETFs/Mutual Funds On The Cutline – Updated Through 8/2/2013
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 301 (last week 307) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Is The Federal Reserve Likely To Initiate Tapering In September?
US July nonfarm payrolls data came in at 162,000, well below the 200,000 forecasted by most economists, and showed the labor market continues to improve, but at a frustratingly slow pace, said Mohamed El-Erian, chief executive officer and co-investment officer at PIMCO. Internal factors like earnings, long-term unemployment rate, labor participation rate and youth unemployment rate indicate the situation is …