[Chart courtesy of MarketWatch.com] 1. Moving the Markets The stock rally on Wall Street picked up steam Thursday as investors focused on the Federal Reserve’s continued worries about low inflation after the release of minutes from the Fed’s latest policy meeting. The Dow and S&P 500 had earlier flirted above and below the break-even marks of 17,000 and 2,000. But …
Stocks Close Higher Despite Morning Slide
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After nosing into the red in late-morning trading, all three major benchmarks climbed back into the black to close the day. Analysts are eyeing the key 2000 level on the S&P 500 index, as that level now is viewed as a ceiling of sorts for stocks as they look to rebound further. …
Markets Mixed While Awaiting Earnings Season
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After a strong five-day rally that lifted the major U.S. stock indexes well off their lows hit in August, equities ended mixed as Wall Street reassessed the outlook for stocks for the rest of 2015. Healthcare stocks led the decline in the S&P, while a rally in Dupont’s stock (DD) helped keep …
Stocks Roar Back; American Apparel Business Model Fails
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks kicked off the week in rally mode Monday as investors view a Federal Reserve interest rate hike this year as less likely after Friday’s weak jobs report raised questions about the pace of U.S. growth. Third quarter earnings season kicks off this week when Alcoa (AA) reports on Thursday. Analysts are …
ETFs/Mutual Funds On The Cutline – Updated Through 10/2/2015
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 18 (last week 10) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Will Upstream Oil And Gas Companies See A Wave Of Defaults In The Near Future?
The US economy is doing about 2.5 percent real growth and 4.5 percent nominal growth with the labor market tightening pretty dramatically, said Mark Kiesel, Global Head of Corporate Bond Portfolio Management at PIMCO. The decline in domestic inflation is transitory and PIMCO agrees with Fed Chair Janet Yellen that US inflation is headed towards the 2 percent target. In …