[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks skyrocketed Thursday as investors were quite encouraged by a market moving earnings report posted by McDonald’s (MCD) and signs from Europe that more stimulus might be on the way for the European Economy. In the end, it was really ECBs Mario Draghi’s jawboning about “re-examining” its stimulus program, which lit some …
Indexes Slide Further Amidst Big Name Earnings Reports
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After suffering mild losses the day before, U.S. stocks fell deeper in the red today as traders encountered another big day of earnings reports, with blue chip names Coca-Cola, Boeing, American Express and General Motors releasing third-quarter results. In earnings news, Coca-Cola (KO) profit fell in the third quarter but earnings still …
Mixed Earnings Reports Pull Stocks Lower
[Chart courtesy of MarketWatch.com] 1. Moving the Markets A hazy batch of earnings reports were the culprit for the small losses on Wall Street today. The Dow ended the day down a scant 14 points after bouncing in and out of negative territory. IBM (IBM), which is the Dow’s largest component, dragged the index down after weak hardware sales and …
Equities Gain Slightly In Anticipation Of Earnings Week
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow and S&P 500 just barely managed gains, as investors await a big week of earnings reports and reacted to data out of China showing GDP growth below 7%. The good news…after suffering its first 10% correction this summer, the Dow has rebounded in recent weeks. The blue-chip index has finished …
ETFs/Mutual Funds On The Cutline – Updated Through 10/16/2015
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 381 ETFs, of which currently 69 (last week 41) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Will China’s Growth Cross 7 Percent Again?
Another market sell-off depends on the Fed’s next move, because the current situation very strongly echoes the conditions of 1998, said Jonathan Wilmot, head of macro investments at Credit Suisse Asset Management. Former Fed chairman Alan Greenspan had said America was an island of prosperity in a sea of difficulty and that’s applicable right now. The Federal Reserve better wait …