[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street was on fire for a second straight day today as investors remained exuberant about news of continued low interest rates and low oil prices. The Dow gained 421 points today (+2.43%), marking a gain of almost 600 points in the past two trading sessions. The S&P added 2.4% and the …
All Smiles As Markets Close On Wednesday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Today’s trading closed with smiles on most everyone’s face in Wall Street as the Dow and S&P 500 had one of their best point gains of the year. The Dow gained 1.69%, the S&P 500 rose a whopping 2.04% and the Nasdaq rose ahead of the pack gaining 2.11%! Markets were driven …
Stocks And Russian Ruble Continue Struggling
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks were up and down substantially throughout the day, but ultimately closed lower across the board, marking losses for the six of the past seven days. The Dow dropped 0.7%, the S&P 500 fell 0.8% and the Nasdaq ended 1.2% lower. West Texas Intermediate crude oil dropped to $53.60 a barrel early …
Markets Slip On Oil; Petco To Be Bought For $8.7MM
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets continued to slide further downward today, driven lower in particular by the drop in oil prices and energy stocks. U.S. crude fell 3.3% to settle at $55.91, hitting fresh 5-1/2 year lows. Both U.S. crude and Brent have fallen nearly 50 percent from highs in June. Today, all major indexes retreated …
ETFs/Mutual Funds On The Cutline – Updated Through 12/12/2014
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 222 (last week 264) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Has The ECB’s Stimulus Program Failed To Drive The Eurozone’s Real Economy?
The looming elections in Greece have triggered higher volatility across asset classes as they remind of the so-called “Grexit” (Greece exit from the EU) episode that played out in 2010-11. The first round of Presidential election will be held next week in Greece and if the government/ruling party fails to secure 2/3rd majority, the crucial third round will be held …