No Upside Follow Through On Low Volume Day

Ulli Market Commentary Leave a Comment

[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks went nowhere and held steady as most assets decoupled and closed lower. ZH reports that USDYPY headed south as did oil, high yield bonds and Treasury yields while the major stock indexes stubbornly remained in nosebleed territory closing around the unchanged line. Volume was atrocious. Banks were a drag on the …

Markets Storm Back With Force But No Volume

Ulli Market Commentary Leave a Comment

[Chart courtesy of MarketWatch.com] 1. Moving the Markets After an uneventful start to the week, markets here in the U.S. sprang back into action and posted their largest gains since early May. All three major indexes gained at least 1.20% on the day but with volume being downright atrocious, this move is suspect. The year has been volatile thus far …

Mellow Monday; GE And Bayer Making Bids; Fedspeak On Deck

Ulli Market Commentary Leave a Comment

[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets were little changed at the closing bell as Wall Street continues to contemplate the (potential) interest rate hike in June and a lingering sluggish growth rate of the U.S. economy. While Monday was quiet overall, investors are awaiting data on April new home sales Tuesday, as well as earnings results from …

ETFs/Mutual Funds On The Cutline – Updated Through 05/20/2016

Ulli ETFs on the Cutline Leave a Comment

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 265 (last week 242) are hovering in bullish territory. The second report includes only …

One Man’s Opinion: Markets Have No Purpose Any More…

Ulli Market Review Leave a Comment

By Mark Spitznagel After making over $1 billion in one day last August, and warning that “the markets are overvalued to the tune of 50%,“ Mark Spitznagel knows a thing or two about managing tail risk. The outspoken practitioner of Austrian economic philosophy tellsThe FT, “Markets don’t have a purpose any more – they just reflect whatever central planners want them to,” …