ETF/Mutual Fund Data updated through Thursday, June 16, 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 +1.66% …
Markets Fight Back
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow broke a five-session losing streak today as it reversed a nearly 170-point loss and turned positive despite growing angst related to next week’s “Brexit” vote in the U.K. Rising confusion over Fed policy and sagging economic growth around the globe has investors a bit in a state of shock to say the least. …
The Fed Blinks: Holds Rate Hike At Bay
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Despite talking out of both sides of its mouth for weeks, the Federal Reserve announced at the close of its meeting today that it would keep interest rates unchanged. While commenting on the matter though, Yellen said a July hike “is not impossible,” suggesting that strong job growth in June and substantial upward revisions …
Fourth Straight Loss For Domestic Indexes
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks extended their decline today as the Fed began its two-day policy meeting. The general sentiment is that rates are going to be hiked anytime soon, so that potential announcement is fairly well baked into prices throughout the market at this point; that’s the official version. Personally, when looking at the consistently …
Nervous Monday: Markets Retreat
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street was a mess today after the shooting in Florida this past Sunday morning. This unfortunate incident, alongside uncertainty ahead of the U.S. Federal Reserve’s meeting this week and on mounting concern about Britain’s possible exit from the European Union did not equate to a prosperous trading day in the market …
One Man’s Opinion: Is The Fed Outright Buying Stocks/Futures To Prop Up The Markets?
By Phoenix Capital Research “Someone” is getting desperate. Throughout the last week, anytime stocks have begun to correct or drop, “someone” has bought S&P 500 futures to prop the market up. Anyone who’s been involved with the markets for a while knows the difference between real buyers and manipulation. This is manipulation plain and simple. Look at all those “V” …