[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a mixed day as the the above intra-day chart of the S&P 500 shows. Dancing above and below its unchanged line and ending 0.02% lower isn’t exactly a sign of a strong bull market. The Nasdaq fared the worst as Apple got clobbered again tumbling to a two-year low producing …
Disney Miss Brings Down Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After posting its biggest daily gain since March 1, the Dow’s upward move did not last too long and the warm fuzzy feeling from yesterday dissipated in a hurry. Hitting the markets today, was the news that Staples (SPLS) decided to bail on its $6.3 billion acquisition of Office Depot (ODP) after …
Volatile Monday; Solid Tuesday!
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After a volatile session to kick off the week Monday, U.S. stocks surged today as Wall Street attempts to gauge the market’s next move amid a recent stall in momentum after a sizable rally off of the lows in February. If you are looking for a reason to support the rally, there …
Markets Remain In Limbo
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The U.S. stock market, currently riding a two-week losing streak amid signs of fading momentum after a big rally off the market lows back in February, kicked off the new week with mixed results and little signs of breaking out to the upside. Oil dropped a bit, there was some news on …
ETFs/Mutual Funds On The Cutline – Updated Through 05/06/2016
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 263 (last week 300) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Is The Broader Dollar Index An Important Fed-Move Indicator?
The US dollar movement is important because every market variable is either positively or inversely correlated to the dollar, said Jurrien Timmer of Fidelity Investments. When the dollar goes down, liquidity conditions ease up, which is usually the risk-on scenario. If the dollar moves up, it means financial conditions are tightening, or at least that has been the dynamic over …