First Trust, the Wheaton, Illinois-based sixth-largest US issuer of exchange-traded funds, recently gave a global twist to its domestic IPO-focused ETF, the First Trust US IPO Index Fund (FPX). The newly launched First Trust International IPO ETF (FPXI) aims to replicate the success FPX, which was launched in 2006, but found favor with investors only at the start of 2013 …
No ETF/No Load Fund Tracker Newsletter Today
Due to a variety of Holiday obligations, I will not be able to write today’s newsletter. However, this week’s StatSheet has been published, and the weekend pieces will be posted as usual. Hope you are enjoying this Holiday weekend. Ulli…
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 12/24/2014
ETF/Mutual Fund Data updated through Wednesday, December 24, 2014 If you are not familiar with some of the terminology used, please see the Glossary of Terms. 1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY — since 10/22/2014 Our main directional indicator, the Domestic Trend Tracking Index (TTI), broke through its long-term trend line generating a “Sell” for this arena effective 10/14/2014, …
Dow Ekes Out Gain
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was nice start to a continuation of the current upward momentum but, while the S&P 500 fell back later on, the Dow managed its 37th record close of 2014. It was a Holiday shortened session on extreme light volume, so not much should be read into today’s action. Helping the indexes …
Dow Conquers 18,000 For The First Time
[Chart courtesy of MarketWatch.com] 1.Moving the Markets Markets continued their rally today following news reports of continued economic growth and the strongest consumer sentiment we have seen since 2007. The government released numbers today that showed GDP expanded at a seasonally adjusted annual rate of 5% for the three months ended September 30th. The S&P 500 gained 0.2%, the Dow …
Upward Bias Continues
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Despite a slow start, the major indexes picked up steam during mid-day with the Dow and S&P 500 closing at record levels—again. The theme that the Fed won’t be raising rates at anytime soon proved to be the driver for today’s session. This was the fourth straight day of gains, since Fed …