[Chart courtesy of MarketWatch.com] 1. Moving the Markets An early rally failed but left the major indexes near multi-months highs despite a late session pullback. It looks like the computer algos continue their push towards all-time highs on no news other than that oil not only climbed above the $50/bbl level but also closed there. The fly in the ointment …
ETF/No Load Fund Tracker Newsletter For May 27, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05262016/ ———————————————————— Market Commentary STOCKS POST SOLID GAINS FOR THE WEEK; ARE THE BULLS BACK? [Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets posted modest gains today, but it was just enough to push the major indexes above water to a weekly gain and snap a 3-week losing streak. As I mentioned yesterday, …
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 05/19/2016
ETF/Mutual Fund Data updated through Thursday, May 19, 2016 If you are not familiar with some of the terminology used, please see the Glossary of Terms. 1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY — since 4/4/2016 Our main directional indicator, the Domestic Trend Tracking Index (TTI-green line in above chart) remains above its long term trend line (red) by +0.60% …
New ETFs On The Block: Principal Shareholder Yield Index ETF (PY)
Principal Financial, the Iowa-based retirement and mutual funds specialist, recently expanded its exchange-traded fund offerings with the launch of two new so-called smart-beta funds. Principal is one of the biggest asset managers in the US, yet it was largely missing from the ETF landscape with just one actively-managed product to its name. The Principal Shareholder Yield Index ETF (PY) targets …
Running Out Of Steam
[Chart courtesy of MarketWatch.com] Stocks ended flat Thursday, taking a breather after a nice two day rally. Trading today was mostly influenced by earnings reports from Bank of America (BAC) and Wells Fargo (WFC). Bank of America topped both earnings and revenue estimates. Wells Fargo topped profit expectations but was slightly below par on revenue. BofA gained and Wells fell …
Momentum Slows But Major Indexes Inch Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The resurgent U.S. stock market kicked off the holiday-shortened week by slightly extending last week’s gains as investors digested a big rally that has turned stocks positive for the year and reacted to deals in the hotel, paint and data businesses. A flurry of M&A deals announced Monday gave an assist, including Starwood Hotels …