[Chart courtesy of MarketWatch.com] Volatility took on a new meaning today, as the Dow raced to an immediate 260 point gain right after the open, then tanked during the mid-day session and actually dropped into negative territory, before a last hour rebound saved the day. This type of market activity is clearly sign of confusion about the uncertain global economic …
Another Afternoon Stumble—Equity ETFs Close AT Their Lows
Sure, part of the slide could have been a result of continued profit taking from last week’s run up, but a part of it can attributed to fears about the progress, or lack thereof, of the European debt solution. Volatility increased again, with the Dow trading in a 300 point range, while the markets remain stuck in the middle of …
Late Selloff Cuts Into Early Gains—Europe Continues To Boost Global ETFs
More of the same, as hopes for a financial rescue plan powered global ETFs higher, but a last hour selloff devoured more than half of the early gains. Nevertheless, we closed up with gold and silver showing signs of life again after getting hammered last week. While the investing world remains on a bailout high, some reality set in late …
Major Market ETFs Surge On Europe News—Another Head Fake?
[Please note that Gold and Oil prices in above chart reflect the late session] Nothing but hope provided the ammunition to drive this market out of the deep hole that was dug last week. Sure, after relentless selling, there is bound to be a dead cat bounce or a head fake similar to the one we saw the week prior. …
Global ETFs Hammered; Domestic TTI Breaks Back Into Bear Territory
[Please note that Gold and Oil prices in above chart reflect the evening session] Today, there was simply no place to hide, unless you were invested 100% in U.S. Treasuries and/or some selected Bond ETFs. Just about all other asset classes got taken to the barn and spanked in no particular order. It was relentless selling around the globe with …
Equity ETFs Wobble, Then Turn Into A Sell Fest
While doing what is expected can be a good thing, it can also backfire, especially when Wall Street is clamoring for a serious assist from the Fed to boost the ailing economy one more time. Well, that did not happen, and disappointment set in pulling the rug out from any early upward momentum. As the chart from MarketWatch.com above shows, …