ETF Data updated through Thursday, October 20, 2016 Methodology/Use of this StatSheet: From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International ETFs (section …
Volatility Increases As Crude Oil Crumbles
[Chart courtesy of MarketWatch.com] Moving the Markets Markets were a little chaotic early in the session as the major indexes had rallied and then collapsed below the trend line very quickly as the chart above shows. Slowly but surely, we recovered, touched the unchanged line a few times but ended up closing slightly below it. Economic data points continued their …
Earnings And Oil Assist The Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes rallied moderately supported by better-than expected quarterly results from Morgan Stanley along with oil prices, which gained over 2% and are nearing their 15-month high. And again, data points confirmed sluggishness in the economy as shown by weak housing data and a disappointing outlook in the tech area, which …
Netflix Saves The Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Of course, it’s only the beginning of the third quarter earnings season but talk of growth expectations in the +0.2% area was the theme of the day. It also means that the quarter has to stay on this track to match the fourth-quarter of 2014 in which both earnings and revenues headed …
Fed Speak Keeps Markets On Edge
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Despite BofA reporting its first profit increase in three quarters, it wasn’t enough to keep the markets above the unchanged line. Offsetting the positive tone were some weak economic data points in form of industrial production contracting for the 13th straight month, its longest non-recessionary streak ever. Adding to this misery was …
One Man’s Opinion: Three Reasons Why The Banking System Is Rigged Against You
By Simon Black If there were ever any doubt about how completely RIGGED the banking system is against depositors, allow me to introduce the following: Exhibit A: Governments are working to make banks LESS safe Yesterday an unelected bureaucrat that no one has ever heard ofmade a stunning announcement that has sweeping implications for anyone with a bank account. Dombrovskis is …