[Chart courtesy of MarketWatch.com] 1. Moving the Markets Swinging aimlessly above and below the unchanged line was the theme of the day for the major indexes despite oil shifting into high gear again by gaining 2.3%. There was obvious caution ahead of tomorrow’s Labor report but Treasuries were higher as jobless claims rose while factory orders dropped. Both, the US …
Indexes Make An About Face; Tesla Dissapoints
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks turned the boat around today, which entailed the Dow snapping a seven-session losing streak. The market had lost momentum over the past week, as shares have been weighed down by a fourth straight quarter of negative profit growth for the S&P 500, above-average valuations and a renewed dip in oil prices. …
Dow Slides Again; Oil Closes Below $40 A Barrel
[Chart courtesy of MarketWatch.com] 1. Moving the Markets If you read yesterday’s commentary, you may remember me discussing the possibility that U.S. Crude oil could fall below $40 a barrel. Well, today it happened, which is completely opposite of how analysts were expecting the black gold to perform this summer. Many had pegged $50 per barrel as a mark that …
Mediocre Monday; Uber Hails Ride Back From China
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks were mixed Monday as a two-week period of relative stability in the markets continued despite a sharp slide in oil prices. In Uber news, we heard today that the company is officially “bowing out” of the China market. Uber’s Chinese operations will merge with Beijing-based ride hailing firm Didi Chuxing. …
One Man’s Opinion: Global Central Banks Are All-In: QE Running At Record $180 Billion Per Month (And Rising)
By ZeroHedge The monetary policy beatings will continue until morale improves. Eight long years after monetary policy experimentation went extreme, Reuters reports the amount of QE stimulus being pumped into the world financial system has never been higher… and it’s about to get bigger. As Jamie McGeever reports, The European Central Bank and Bank of Japan are buying around $180 …
ETFs/Mutual Funds On The Cutline – Updated Through 07/29/2016
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 538 ETFs, of which currently 473 (last week 506) are hovering in bullish territory. The second report includes only …