[Chart courtesy of MarketWatch.com] 1. Moving the Markets As you know, the Dow has been riding the bull for 9 day continued winning streak that hasn’t happened in three years. Unfortunately, that streak snapped today due to mixed earning reports here in the U.S. and an announcement from the European Central bank that they will hold off on additional stimulus …
Dow Inches Up While Tech Stocks Lead
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow continued blazing a trail today, bolstered by a strong earnings report from tech giant Microsoft (MSFT). The index continues to plow its way into record territory and lately there’s no sign of it doing otherwise. The nine-day winning streak is its longest since a 10-session rally more than three years …
Markets Reacting Awkward Despite Solid Earnings Reports
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mixed today, apart from the Dow, which climbed for an eighth straight day and notched a new closing high. While the S&P 500 closed in the red today, don’t forget that the index is coming off another record high recently, and both the S&P 500 and the Dow are now …
Rally Rally, Hear Our Cry!
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks extended their record-setting rally and closed at new all-time highs today as investors felt relief by an earnings report from Bank of America (BAC) and a failed coup attempt in Turkey over the weekend. Computer algos, as usual, engaged in a game of headline hockey as Yahoo reported BofAs “better-than-expected …
One Man’s Opinion: The Truth About The Great Depression That All Mainstream Economists Ignore
By Phoenix Captial Ben Bernanke is back at it. Bailout Ben, the “hero” who missed the housing bubble, then oversaw the single largest handout in crony capitalist history, all the while playing favorites and lecturing the rest of us that we should be grateful that he “saved” the world, is in Japan. His purpose? To help them implement Helicopter Money. …
ETFs/Mutual Funds On The Cutline – Updated Through 07/15/2016
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 332 (last week 310) are hovering in bullish territory. The second report includes only …