[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a choppy session as the indexes rallied at first, pulled back mid-day, rallied again and sold off into the close but managed to stay above the unchanged line. As expected, the Fed left interest rates unchanged while the commentary pretty much remained the same as in “we’ll watch economic data” …
Finding Upward Momentum
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Finally, the major indexes found some some lost upward momentum and closed higher in the face of unsuccessful Greek talks and the widely anticipated outcome of a two-day Fed meeting the results of which will be published tomorrow. However, trading was cautious as volume remained very low. While the outcome of the …
Markets Sour To Kick Off Second Week Of June
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Global markets started the week on a softer note after talks on the Greece bailout broke down on Sunday. The Dow Jones industrial average dropped 108 points to end back in the red for 2015 as both domestic and global concerns weighed on investors. Chief concerns include the ongoing stalemate between Greece …
ETFs/Mutual Funds On The Cutline – Updated Through 06/12/2015
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 260 (last week 247) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Does The Federal Reserve Want Longer-Term Interest Rates To Rise?
Central banks in Europe and Japan have committed quantitative easing worth $1 trillion each while the People’s Bank of China has started with its own easing measures off late. When the money printing stops, liquidity would dry up, further exacerbating an already deteriorating global liquidity scenario, said Bill Gross, portfolio manager of Janus Global Unconstrained Bond Fund. It’s natural to …
New ETFs On The Block: US Global Jets ETF (JETS)
US Global Investors Inc, the Texas-based investment advisor to US Global ETFs, recently entered a niche where two previous players had earlier ventured and failed. The recently launched US Global Jets ETF (JETS), which also happens to be the firm’s first exchange-traded product, is designed to track the broad airline industry and follows the relatively new but increasingly popular so-called …