The markets stayed in rally mode for the third day in a row, supported by rises in Asia and Europe, along with the announcement by Google to buy Motorola Mobility. The major Market ETFs have now recovered all of their losses since the U.S. debt downgrade on August 5. Despite this bit of euphoria, the problems that prompted the downturn …
The Roller Coaster Ride Is Alive And Well – Major Market ETFs Rebound Sharply
Another breathtaking day in the market, this time on the bullish side, pushed the S&P 500 exactly back to Tuesday’s level. A modest rebound, fueled by better jobless claims and no bad news out of Europe, turned into a monster rally as short covering proved to be the catalyst to wipe out Wednesday’s losses. Of course, as we have seen …
Another Wild Ride For Equity ETFs
If the market swings and this enormous volatility leave you speechless, you’re probably not alone. Based on today’s market activity, yesterday sure looked like a dead cat bounce. Contributing to the negative bias were recession concerns at home and the ever worsening debt crisis in Europe, for which there simply is no painless solution. This is the type of market …
Major Market ETFs Recover From Abyss
It was another wild day on Wall Street, as the Dow dropped from a gain of 150 points to a loss of more than 200 points, followed by a recovery of 430 points. The main event of the day was the announcement by the Federal Reserve that QE-3 is not on the table (disappointment), but that interest rates may remain …
Equity ETFs Get Slammed – Domestic Trend Tracking Index (TTI) Slides Into Bear Market Territory
There was no place to hide as global markets got slapped with the bears in firm control of market direction. Our Domestic Trend Tracking Index (TTI) finally succumbed, after dancing around its trend line last Friday, and sliced clearly into bear market territory. Here are the latest numbers after the close today:
Weekly StatSheet Publication Delayed
Due to my data provider’s inability to have mutual fund closing prices available by 6 pm PST, I will delay the post and publish the StatSheet tomorrow morning. With the severe market selloff today, I’d rather wait, but have today’s prices included in the report. Look for it to be published by around 10:30 am PST on Friday.