[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities hit he skids for the 3rd day in a row as, following Apple’s disappointing report card yesterday, 3M and Caterpillar joined the crowd, and the slide in stocks continued killing any hope of a rebound. Commodities offered little help as they seem to be stuck in a bearish trend of their …
Major Indexes Close Lower—Apple’s Slide Is The Culprit
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Tech stocks continued to be a drag on the major indexes after results from Miscrosoft and Apple disappointed. As is always the case, Apple certainly did not do poorly; it’s just that expectations are so overblown than anything close to realty seems to cause a pullback. In the bigger picture, the question …
Techs Drag Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities pulled back as a result of IBM and United Technologies putting the first negative on the board this earnings season just prior to the heavyweights, Apple and Microsoft, issuing their quarterly report cards after today’s close. The major indexes are still near record highs and, after having been on a tear …
S&P 500 Rises To New Record Before Retreating
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities looked a little tired after the solid run of the past 1-1/2 weeks and ended only slightly changed. The S&P managed to temporarily climb above its old record high (on very meager volume) but was not able to hold the gain and ended up 1 point above the unchanged line. So …
ETFs/Mutual Funds On The Cutline – Updated Through 07/17/2015
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 212 (last week 179) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Do Downside Risks To The Economy Still Exist?
The latest retail sales reading that showed June sales (excluding automobiles) slipped 0.1 percent doesn’t suggest the US economy has turned a corner and the economy would be able to sustain a hike in interest rates, said Austan Goolsbee of the Chicago Booth School of Business. While global events such as the turmoil in Greece and the meltdown of Chinese …