[Chart courtesy of MarketWatch.com] US stocks slumped today, posting there biggest slide in nearly a month, as weak eurozone economic data, the continued crisis in Cyprus and disappointing quarterly earnings of Oracle Corp. eclipsed better-than-estimated American economic data. Early Thursday, the European Central Bank said it may cut off emergency funding to Cypriot banks if it fails to reach a …
Fed’s ‘All-Clear’ Lifts US Equities; Europe Recovers From Cyprus Drop
[Chart courtesy of MarketWatch.com] Equities recovered from yesterday’s minor pullback, with the S&P 500 Index snapping its first three-day decline of the year, after the Federal Reserve said it would continue to support the US recovery (AKA continuing its relentless money printing efforts) while eurozone leaders mulled options for Cyprus. Speaking to reporters at the conclusion of the two-day FOMC …
7 ETF Model Portfolios You Can Use – Updated through 3/19/2013
Upside momentum slowed down as shown by the S&P’s short-term sideways pattern with the benchmark giving back 4 points since last Wednesday’s ETF Model Portfolio report. While we came within 2 points of taking out the 2007 high, it was not yet to be, as the crisis in Cyprus pulled the major indexes off their highs, although Europe was much …
Index ETFs Still Affected By Cyprus; European Stocks Slump On Concern Cyprus To Reject Bank Tax
[Chart courtesy of MarketWatch.com] US equity averages ended mixed with the Dow Industrials eking out a slight gain, and the S&P 500 Index extending its longest slump of the year as Cyprus’ rejection of a bailout levy eclipsed economic data that showed growth in new home construction. Stocks retreated as lawmakers rejected an unprecedented levy on bank deposits, throwing into …
Cyprus Drags Down Wall Street; Europe Bruised By Cyprus Bank-Deposit Levy
[Chart courtesy of MarketWatch.com] US indexes fell for a second day, after the Dow Industrials reached record highs last week as a controversial bank tax levied by euro-area leaders on Cypriot bank deposits in return for a bailout reminded investors Europe’s debt problems are far from over. Equities fell hard at the start as investors grew worried by news that …
ETFs/Mutual Funds On The Cutline – Updated Through 3/15/2013
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 353 (last week 354) of them are hovering in bullish territory. The second report …