[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks surged again as Wall Street built on the Dow’s historic rally Wednesday. Order is now allegedly restored in the U.S. stock market following its first dip into correction territory in four years. Investor angst is on the decline and stock prices were again on the rise following the Dow’s nearly 620-point, …
A Rebound With Legs Or Another Dead Cat Bounce?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow rebounded big time today, surging nearly 620 points, which is its third-best daily point gain ever and best since 2008. This finally ended a painful six-day losing streak and gave Wall Street the signs of stabilization it has been craving after its worst rout in four years. Giving the markets …
Bounceback Tuesday Turns into Vicious Sell-off—China Dumps Again
[Chart courtesy of MarketWatch.com] 1. Moving the Markets This morning, China’s Shanghai index took another cliff dive at the tune of some 7.6%, but the European and U.S. markets simply ignored it as they were busy celebrating the Tuesday bounce-back, which took the Dow up by some 440 points. Unfortunately, the euphoric feeling did not last, and the major indexes …
World Equities Get Crushed By The Great Fall Of China
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It all started with China’s Shanghai index dropping some 8.5% and the European markets following closely by losing some 5%. U.S. equities took a huge tumble at the opening, rallied back to almost even before succumbing to last hour selling. China has been a story in itself with their index having gained …
ETFs/Mutual Funds On The Cutline – Updated Through 08/21/2015
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 36 (last week 152) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Will Global Turmoil Materially Impact US Growth?
Investors would be making a mistake if they map the ongoing commodity weakness into a general global slowdown which would impact the US as well, said Scott Mather, CIO at PIMCO. Investors should not forget the reduction in commodity prices is a good thing for US growth and most developed world consumer of commodities. So if anything, it’s a boost …