Upside momentum slowed down as shown by the S&P’s short-term sideways pattern with the benchmark giving back 4 points since last Wednesday’s ETF Model Portfolio report. While we came within 2 points of taking out the 2007 high, it was not yet to be, as the crisis in Cyprus pulled the major indexes off their highs, although Europe was much …
7 ETF Model Portfolios You Can Use – Updated through 3/12/2013
More of the same as the equity index ETFs were pushed into the nosebleed section with the S&P 500 gaining seven days in a row before surrendering a jaw dropping 4 points yesterday. Nevertheless, this benchmark is within striking distance of following the Dow by taking out its 2007 high. So far, this has not been the year of bond …
7 ETF Model Portfolios You Can Use – Updated through 3/5/2013
After the previous week’s knockdown, it was up, up and away as the reasons for the pullback vanished into thin air with the S&P 500 adding some +2.9% recouping all losses and then some. The Dow finally took out its 2007 high, which I commented on yesterday. It seems like it’s a one way street into bubble territory with equities …
7 ETF Model Portfolios You Can Use – Updated through 2/26/2013
The major market indexes took it on the chin last week as a combination of punches thrown by the sequester discussions and unexpected results from the Italian elections were simply too much for the bulls to handle, and the bears had their day in the sun by knocking the S&P 500 down 2.22% since the previous ETF Model Portfolio report. …
7 ETF Model Portfolios You Can Use – Updated through 2/19/2013
The market direction over the past week was predominantly sideways, but yesterday’s upward swing pushed the S&P 500 to a gain of 0.79% since the last ETF model portfolio report was issued. Ongoing merger activity (M&A) was the driver for this move as the theory spread that there was still value in the market despite the indexes closing in on …
7 ETF Model Portfolios You Can Use – Updated through 2/12/2013
The major indexes meandered in a tight 8 point trading range (S&P 500) but ended up closing at the high point with the Dow regaining its 14k milestone marker again. It comes as no surprise to me that momentum seems to be slowing as we’re honing in on multi-year highs for the S&P 500. With economic fundamentals being totally disconnected …