[Chart courtesy of MarketWatch.com] 1. Moving the Markets Heading into Thursday’s trading session, all three major U.S. stock indexes were less than 1% below their record closing highs. Equities dipped slightly lower today though ahead of another much anticipated speech due from Janet Yellen tomorrow in Jackson Hole, WY. Many believe that Yellen wants to avoid market turbulence, so a surprise …
Major Indexes Pressured By Economic News
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Time flies by, as we all know. It was almost a year ago that stocks plunged amid worries regarding falling oil prices and the uncertainty about China’s economic growth. Well, a year has passed and not much has changed. The price of oil remains under $50 per barrel and China’s growth continues …
NASDAQ Ekes Out A New High
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks rose Tuesday and moved back into record territory as the Nasdaq set a new all-time high by gaining a meager +0.30%. The rebound comes as quiet summer trading drags on and investors look ahead to a key speech from Federal Reserve chair Janet Yellen on Friday. Investors are largely in wait-and-see mode ahead of …
Mediocre Monday Meddling
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Q2 earnings season has all but wrapped up, now that retailer Walmart (WMT) has reported its results. The theme remains that investors are somewhat pleased the dip in profit growth by companies in the S&P 500 was less than expected. Companies within the index reported 2.1% lower adjusted profit per share, which …
One Man’s Opinion: Secret Federal Reserve Minutes Leaked
By Simon Black Yesterday (last Wednesday) the Federal Reserve released the minutes from its July meeting a few weeks ago in which they decided to NOT raise interest rates. These minutes are the official archive of the meeting, providing details about the presentations, debates, and discussions that took place. They contain very formal sounding language, referring to their near-zero interest …
ETFs On The Cutline – Updated Through 08/19/2016
Below please find the latest High Volume ETF Cutline report, which shows how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 366 High Volume ETFs ETFs, defined as those with an average daily volume >$5 million, of …