[Chart courtesy of MarketWatch.com] 1. Moving The Markets Clearly, the markets were taking a breather today, after the S&P’s attempt to pierce the 1,900 level, not just on an intra-day basis, did not materialize. While the benchmark had been trending sideways for this month, let’s not forget that it has been on a 4.5% rebound spree since its low on …
Markets Continue Up, Except For Our Good Friend The Nasdaq; A Glance At Gold
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 and the Dow both edged to new highs again today, while the Nasdaq resumed its oh too familiar slide. Cisco Systems Inc (CSCO), which is set to report its quarterly earnings results on Wednesday, was the biggest drag on the Nasdaq. The stock slid 1.4%. It was a big …
Markets Swing Back Into Positive Territory On Fruitful Monday
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The stock market returned to record levels today as investors regained their appetite for riskier stocks. All major indexes gained, as the intra day chart above shows. Internet stocks, which have taken quite a beating over the past month, pulled a turnaround, with Twitter (TWTR) and Facebook (FB) at the top of …
ETFs/Mutual Funds On The Cutline – Updated Through 05/09/2014
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 338 (last week 360) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Is Housing Likely To Lag Behind The Rest Of The Economy?
Housing is not quite as important as the Fed sometimes seem to think, said Ian Shepherdson, Chief Economist at Pantheon Macroeconomics. The Fed seems to be as much obsessed with housing as much the labor market, but it’s not necessary for housing to keep charging upwards for the rest of the economy to grow. It’s a relatively small share of …
New ETFs On The Block: EGShares Blue Chip ETF (BCHP)
Emerging Global Advisors, the New York-based issuer specializing in emerging market exchange traded funds, has unveiled a self-indexed fund that offers investors exposure to a basket of developed market companies with quality, substantial and growing revenue from emerging markets. The EGShares Blue Chip ETF (BCHP) tracks the EGAI Developed Markets Blue Chip EM Access Index, an equally-weighted 30 stock index …