[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended lower as the Dow shed 120 points, marking its sixth consecutive day of losses. The down-slide has come while Wall Street has been bracing for Friday’s employment report and the potential hints the jobs data might provide about the timing of an interest rate hike by the Fed. Domestically, in the world of …
Disney Pulls Down The Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets While most indexes managed to close above the unchanged line, the Dow ended up slipping thanks to a weak performance in energy and Disney. The early rally was based on hope that odds of an interest rate increase by the Fed next month subsided a bit due to a soft reading on …
Dow Falls For Fourth Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Shares of Apple (AAPL) fell 3.2%, making it the biggest losing stock of the Dow. The tech giant is under pressure as worries about an economic slowdown in China raises concerns about its biggest growth market. On the economic front, investors continue to focus (speculatively) on when the Fed will boost interest …
Oil Slump Pulls Indexes Down
[Chart courtesy of MarketWatch.com] 1. Moving the Markets I could have been a lot worse, but the major indexes found some footing late in the day and managed to limit the downside damage with the S&P making up more than half of its intra-day losses. But then again, after last week’s nice gains, a pause was in order. Weak economic …
ETFs/Mutual Funds On The Cutline – Updated Through 07/31/2015
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 178 (last week 150) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Is The Current Recovery Driven By Leverage?
Investors were focused on stocks outside the US last year and it’s very refreshing to see that balance to come back, said Richard Madigan, chief investment officer at JP Morgan Private Bank. While investors can always look at Europe, Japan and some parts of Asia, they are over-thinking about growth in America. Growth in the US is slow and dynamic, …