[Chart courtesy of MarketWatch.com] 1. Moving the Markets The previous record high (5,048.62), which dates back to March 10, 2000 at the prime time height of the dot-com bubble, was surpassed today by about 12 points. What does the new record high mean exactly? Well, in the simplest sense it means that the Nasdaq has finally completely recovered 15 years …
Earnings Reports Continue; No Major Impact On Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities rose as the major indexes moved closer to record levels, and a tech stock rally sent the Nasdaq to a new 2015 closing high. In earnings news, Dow giants McDonald’s (MCD) and Coca-Cola (KO) helped boost the blue-chip index higher as shares of MCD jumped 3.1% and KO rose 1.3% on …
Mixed Earnings News Leaves Markets In Flux
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks closed mixed as the Nasdaq jumped back above 5,000 but the Dow was dragged lower by mixed earnings news. At the top of headlines today was Yahoo! (YHOO). The company missed earnings and revenue forecasts for Q1, which sorely disappointed investors that were hoping for a rebound to start off 2015. …
No Market Commentary Today
Due to a variety of business commitments this afternoon, I will not be able to write today’s market commentary. Regular posting will resume tomorrow. Ulli…
ETFs/Mutual Funds On The Cutline – Updated Through 04/17/2015
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 309 (last week 311) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Is The Chinese Economy Experiencing A Fundamental Shift?
China’s old economic growth model is indeed running out of steam, and the Chinese government is in the middle of transitioning to a new model which is not just based on low-cost, low-wage, labor-intensive, manufacturing for export and a whole bunch of state investment, said Kevin Rudd, President of Asia Society Institute and former Prime Minister of Australia. The transition …