In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 3/4/2012. The major indexes drifted sideways but maintained their slightly upward bias from the prior week. I would expect this churning to continue until a new driver emerges to push this market higher. A host …
Weekly Round-Up: Indexes Trading At Multi-Year Highs, Fundamentals Looking Better; Europe And Energy Prices Worry
US markets lost some of the sheen on Friday though performance for the week remained steady. Most of the indexes are either at a multi-year high or at sniffing distance from them. Commodities got some pounding though during the week. Energy had started off the week on a high with oil hovering around $110 a barrel, a multi-month high. By …
U.S. Stock Indexes Slide, UUP Gains, GLD Loses Shine
[Chart courtesy of MarketWatch.com] U.S. indexes reversed Tuesday’s gains after Fed Chairman Ben Bernanke hinted at stopping further liquidity expansion measures today. In other words, he took the punch bowl away for the time being by showing no monetary exuberance. In a testimony before the Congress that started at 10 a.m. Wednesday, Bernanke said though continuing with liquidity enhancing measures …
U.S. Stocks Rise With Consumer Confidence, UNG Dips With Oil, SLV Zooms
[Chart courtesy of MarketWatch.com] Soaring consumer confidence and falling oil prices triggered a rally in US stocks as the Dow Jones Industrial Average closed over the psychologically important 13,000 mark for the first time since May ’08. The DJIA ended at 13,005.12, a gain of 0.2 percent, while the S&P 500 added 0.3 percent to close at 1,372.18, its highest …
US Stock Indexes Close Flat, Builder ETFs Rise As Pending Home Sales Near 2-Year High
[Chart courtesy of MarketWatch.com] US stocks closed flat despite the domestic economy showing signs of improvement and Europe appearing less toxic. Early gains for the day, after stronger-than-expected housing data came in, were offset by a pullback in the energy sector. The Dow Jones Industrial Average (DJIA) shed 0.01 percent, to end at 12,982 while the S&P 500 managed to …
Last Week In Review: ETF News And Blog Posts To 2/26/2012
In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 2/26/2012. Meandering with an upside bias best describes the trend of the past week. The major indexes have reached a crucial point which, if broken to the upside, could mean further advances and confirmation of …