ETF/Mutual Fund Data updated through Thursday, April 28, 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) has recently crawled above its long term trend line (red) …
BoJ “Holds” and Wall Street “Folds;” Icahn Spooks Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes had not much too cheer about during the regular session, which started on a bad omen from Japan with the BoJ surprising world markets by capping their monetary stimulus, which was expected to continue with full force. As we all know by now, without central bank stimulus, equity markets …
Fed Holds Steady—Facebook Beats And Rips In After Hours Session
[Chart courtesy of MarketWatch.com] 1. Moving the Markets As was to be expected, the Fed held interest rates steady for the third consecutive meeting. The FOMC statement was neutral and contained the usual language of “assessing economic and labor conditions, inflationary pressures and expectations along with readings on financial and international developments before determining the size of future interest rate …
A Mixed Day, But: Apple Tumbles 8% In After Hours Trading; Twitter Crashes 14%
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a fairly quiet day during the regular session despite a host of economic data points that can be summed up with one word: dismal. But none of that matters in a centrally planned economy where fundamentals are immaterial and where Wall Street hangs on to every new utterance by the …
Underwhelming Earnings
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks retreated today as investors brace for a barrage of earnings reports, a slew of fresh economic data and the Federal Reserve’s decision Wednesday on interest rates. The earnings season, according to MSM, has fared well thus far, if you can call beating a bar that has been set extremely low a …
ETFs/Mutual Funds On The Cutline – Updated Through 04/22/2016
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 330 (last week 283) are hovering in bullish territory. The second report includes only …