[Chart courtesy of MarketWatch.com] 1. Moving The Markets For much of trading today, the U.S. stock market appeared to be headed for its third decline in three days. By late afternoon though, the indexes began to slowly recover its losses as investors bought up oil refiners, mining companies and tech stocks. Afternoon activity was just enough to nudge the S&P …
Slipping And Sliding
[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a choppy and sloppy session as the S&P 500 headed into record territory early on but was not able to hold on to those gains. The day was light in regards to economic data but confusion reigned as releases showed a mixed picture with the labor market on one hand …
Markets Affected By China Data, But Bulls Continue To Charge Forward
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Wall Street fell Monday morning, a day after the current bull market’s fifth anniversary, weighed down by unexpectedly weak trade data from China, which resulted in a halt to the market’s record performance. Data out over the weekend showed that Chinese exports in February dropped 18.1% from a year ago, versus expectations …
ETFs/Mutual Funds On The Cutline – Updated Through 03/07/2014
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 398 ETFs, of which currently 364 (last week 371) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Does US And European Corporate Credit Still Look Attractive?
10-year US Treasury yields have remained range-bound since June last year and the trading range has been very clear, varying between 2.5 and 3 percent, suggesting borrowing is back, said Anthony Crescenzi, a portfolio manager at PIMCO. The US economic growth is expected to accelerate to about 2.8 percent this year from the low twos that has been the norm …
New ETFs On The Block: Powershares International Buyback Achievers Portfolio (IPKW)
Invesco PowerShares, the IL-based global provider of mutual and exchange-traded funds with total assets exceeding $770 billion, has launched an international version of its wildly successful Buyback Achievers Portfolio (PKW). PKW has nearly $3 billion in assets, making it one of the most successful broader market ETFs over the past few years and has comfortably outperformed the S&P 500 index …