[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow and S&P 500 indexes moved higher Thursday, pushing further into record territory as investors (domestic and abroad) reacted to a positive earnings report from JPMorgan (JPM) and continued to price in/hope for further stimulus from global central bankers despite interest rates remaining at depression levels. Investors got a boost from …
Winning Streak Takes a Breather
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The U.S. stock market, which is now enjoying its second-longest bull run ever, closed lower today despite decent reports on the U.S. economy. While some Wall Street pros say the recent surge has put stocks temporarily in an overbought state, the general consensus is that the bull is alive and well and …
Dow And S&P 500 Soaring Past New Highs
[Chart courtesy of MarketWatch.com] 1. Moving the Markets One record setting day this week wasn’t enough for Wall Street it seems. Yesterday, the S&P 500 passed its high water mark and obviously impressed investors, but the Dow got jealous and joined the S&P 500 in taking out its 2015 all-time high and moving into previously untouched territory. Some are asking …
A Goldilocks Environment?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Friday’s rally following the 287k jobs number, which was only impressive on the surface, continued into Monday as traders considered the current situation a Goldilocks scenario. Because there is continued uncertainty about the fallout from the Brexit vote, the higher than expected jobs number is not seen as a signal that the …
One Man’s Opinion: Brexit Proved It’s All A Central Bank Funded Mirage
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 …