Authored by Mark St.Cyr, I keep hearing that the “Chicken Little’s” are once again being proved wrong. We keep being shown chart, after chart, after chart, after chart how the market recovers from perilous sell-offs. This is expressed as “proof” the “market” doesn’t want to go down, and has legs to vault ever higher. Cause for concern is being dismissed …
ETFs/Mutual Funds On The Cutline – Updated Through 07/08/2016
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 310 (last week 306) are hovering in bullish territory. The second report includes only …
ETF/No Load Fund Tracker Newsletter For July 8, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07072016/ ———————————————————— Market Commentary MARKETS END SOLID AFTER KEY JOBS REPORT [Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P 500 approached setting a new closing high today after a stronger-than-expected jobs report sparked a huge rally and Wall Street finally recouped all of its ‘Brexit’ related losses. The jobs report that many …
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 07/07/2016
ETF/Mutual Fund Data updated through Thursday, July 7, 2016 If you are not familiar with some of the terminology used, please see the Glossary of Terms. 1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY — since 4/4/2016 Our main directional indicator, the Domestic Trend Tracking Index (TTI-green line in above chart) remains above its long term trend line (red) by +1.88% …
Major Indexes Go Nowhere; Mega Food Deal In The Making
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks on Wall Street ended mixed despite a solid report on employment and a big proposed deal in the food sector. Paris-based Danone, maker of Dannon yogurt, agreed to acquire organic food provider WhiteWave Foods (WWAV) for $56.25 based on a valuation of 26x cash flow, which equates to an enterprise value …
Markets Push Back Towards 2,100 Despite Global Sell-Off
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks here in the U.S. brushed off early losses, despite a global sell-off, to end higher today. U.S. government bond yields bounced back from fresh record lows amid continued market turbulence following the surprise Brexit vote two weeks ago. Yesterday and early today, it seemed that investors were reconsidering the implications of …