[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was another choppy day with the S&P slipping right out of the gates, finding some traction and rallying above the unchanged line but giving back its gains into the close. The energy sector got spanked again while consumer discretionaries were the bright star today. We’re still stuck as Wall Street finds …
Stocks Stay Above Board After China Currency Shift
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks had a “9th inning rally” today, as they were able to overcome substantial early day losses and close higher across the board. Investors were anxious as the day began, given the recent devaluation of the RMB and the rising concerns about the health of China’s wobbly economy. Given China’s clout …
China Devalues; Global Markets In Retreat Mode
[Chart courtesy of MarketWatch.com] 1. Moving the Markets For the time being, today’s pullback makes yesterday’s big advance look like a dead cat bounce. Just as the bulls had taken charge, the rug was pulled out from under them as the Chinese devalued the Yuan sending world markets reeling. This brought up concerns as to whether the slowdown in China …
Dow Breaks Seven Day Losing Streak; Buffet Deal Tops Headlines
[Chart courtesy of MarketWatch.com] 1. Moving the Markets We have all been wondering when the Dow was going to move back into positive territory after a seven day losing streak. Well, today investors had their rally caps on apparently. The Dow jumped 242 points It was the biggest gain for the blue-chip index since May 8. The Dow recouped a …
ETFs/Mutual Funds On The Cutline – Updated Through 08/07/2015
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 143 (last week 178) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Will Volatility Remain Elevated In The Near Future?
While many investors may have lost their annual gains in equities due to the recent slide, there are others who have built high cash positions, said Kristina Hooper of Alliance Global Investors. Allianz expects heightened volatility with a downward bias in the coming weeks and investors with a long enough time horizon should hang around because markets are likely to …