[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks spent much of the day in the red as Wall Street reacted to sub-par economic data out of China. China’s official purchasing manager’s index for manufacturing was inline with forecasts at 50.1, but that is a dangerous place to be because any number below 50 indicates a contacting economy. The month of May …
May Marks 3rd Straight Positive Month
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Although markets did little to impress in the first day of trading after the holiday weekend, the gains from last week were enough to maintain a positive month overall for May. This marks the third straight month of gains for the S&P 500 for a grand total of +1.8%. Today, we heard …
ETFs/Mutual Funds On The Cutline – Updated Through 05/27/2016
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 338 (last week 265) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: SEC – Do Your Job!
It looks like the SEC is finally ready to put a stop to accounting shenanigans. The Securities and Exchange Commission is finally going to do its job and put a stop to the accounting hanky-panky that artificially inflates profits. According to Dow Jones, the SEC is getting ready to step up its scrutiny of companies’ “homegrown earnings measures,”signaling it plans to …
New ETFs On The Block: REX VolMaxx Long VIX Weekly Futures Strategies ETF (VMAX)
REX Shares, the fairly new entrant in the exchange-traded funds space promoted by industry veteran Greg King, recently launched two products that focus on volatility of the broad-based large-cap US equity market. The REX VolMAXX Long Weekly Futures Strategies ETF (VMAX) aims to provide exposure to the implied volatility of the broader large-cap US equities by investing in VIX futures-contracts …
ETF/No Load Fund Tracker Newsletter For May 27, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05262016/ ———————————————————— Market Commentary STOCKS POST SOLID GAINS FOR THE WEEK; ARE THE BULLS BACK? [Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets posted modest gains today, but it was just enough to push the major indexes above water to a weekly gain and snap a 3-week losing streak. As I mentioned yesterday, …