[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks are back on track this Thursday after dropping slightly yesterday. The Dow was able to post another record high-water mark at the close of trading today, finishing up 0.23%. The S&P 500 gained 0.04% and the Nasdaq stood at an 0.10% gain at closing. The gain in the Dow was largely attributed …
Markets Drop, Snapping A 6-Day Winning Streak
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks pulled back from record highs today, dragged down mostly by the financial sector after hearing today that six big banks were fined $4.3 billion in a settlement over foreign exchange manipulation charges. The S&P 500 and Dow both closed a tad lower, which snapped a 6-day streak of daily gains. The …
New Records For S$P 500 And Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The bond markets were closed in observance of Veteran’s Day, so trading in equities was thin, which may have contributed to the continuation of the rally. It was a see-saw session, as the chart above shows, but the major indexes managed to close in the green despite no economic data points. In …
Up, Up And Up Again The Markets Go
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Well, the markets continue on their march up the mountain of gains as both the Dow and S&P 500 marked record highs again today. The U.S. economy continues to improve and corporations report better-than-expected earnings. Today, the S&P 500 gained 0.3%, the Dow rose 0.23% and the Nasdaq trumped all adding 0.42%. …
ETFs/Mutual Funds On The Cutline – Updated Through 11/07/2014
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 410 ETFs, of which currently 266 (last week 287) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Are Wages Stuck Because Of Slack In The Labor Market?
The latest jobs report showed US labor force participation rate rose to 59.2 percent in October, the highest since July 2009. Yet the US economy needs to add another 5 million jobs to really reach the pre-recession employment levels, said Edward Lazear, a professor of economics at the Stanford University. The population has grown significantly since before the recession and …