[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fell, capping the Dow’s winning streak at three days as continued volatility in oil prices was offset by a lowered sales outlook from retail giant and Dow component Walmart. For the past three sessions, the market has been volatile like it has been for most of 2016. The only difference is …
Short Covering Continues As Stocks Mount Three Day Win Streak On Oil Surge
[Chart courtesy of MarketWatch.com] 1. Moving the Markets At its low point just a few days ago, the Dow was down about 1,800 points (or 10%) for the year. However, over the past three trading sessions, it has regained over 750 points. Whether the rally marks the end of a painful correction is still to be determined though. One of …
Stocks Power Higher Fueled By Short Covering
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fared well and extended Friday’s short covering rally as traders returned from the long weekend and Wall Street reacted to news that Saudi Arabia, Russia, Qatar and Venezuela have agreed to cap crude production at January levels if other major producers, such as Iraq and Iran, follow suit. Of course, we …
ETFs/Mutual Funds On The Cutline – Updated Through 02/12/2016
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 41 (last week 40) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Should Investors Remain Defensive Right Now?
Federal Reserve chief Janet Yellen could have said more and should have said more during her Senate testimony, and she left the impression that she and the Fed are not in touch with the mother ship, said Robert Michele, head of fixed-income, currencies and commodities at JP Morgan. Inflation expectations seem to be least of the Fed’s worries; a serious …
New ETFs On The Block: JP Morgan Diversified Return Europe Equity ETF (JPEU)
JP Morgan Asset Management, the mutual and exchange-traded funds unit of JP Morgan Chase & Co, added the fifth ETF to its portfolio with the launch of JP Morgan Diversified Return Europe Equity ETF (JPEU). The JPM Diversified Return ETF series are strategic beta funds that seek to improve risk-adjusted returns of diversified portfolios. Each fund is based on a …