[Chart courtesy of MarketWatch.com] 1. Moving the Markets The bulls continued charging forward this Thursday. The start to the year for stocks was a downer, but a February renaissance for stocks continued, as all three major indexes rocketed back into positive territory. Today, investors plowed money back into stocks following a slump the week before, encouraged by a 4% jump …
Stocks End Mixed Amidst Renewed Oil Drop
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks closed mixed in volatile trading as oil prices broke a four-day rally and plunged almost 9%. In addition, investors pulled back amid concerns over a mixed batch of economic and earnings reports and news that the European Central Bank lifted a waiver on using Greek debt as collateral. Crude oil’s four-day, …
Equities Continue To Rally On Jump In Oil Prices
[Chart courtesy of MarketWatch.com] 1. Moving the Markets February is so far proving to be a healthy antidote to a dismal start to 2015. The market gains continued today on top of Monday’s strong rally as the Dow jumped almost 200 points, putting its two-day total to 501 points. That’s the best two-day gain for the blue-chip index since Jan. …
Stocks Post Late Day Rally To Kickoff February
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The first month of 2015 was not kind to stocks. Based on the S&P 500 performance, stocks were 3% lower. January has been known for setting the tone for the rest of the year, but fear not, because the markets tend to do well in February given that they have gained an …
ETFs/Mutual Funds On The Cutline – Updated Through 1/30/2015
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 196 (last week 244) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Will Earnings Expectations Be More Moderate This Year?
A hike in interest rates may not happen in the US this July though that probably remains the appropriate policy move, said David Joy, chief strategist at Ameriprise Financial. Ameriprise expects the US economy to grow by 3 percent in 2015, which justifies the beginning of a liftoff; but whether that happens in June or July remains to be seen. …