[Chart courtesy of MarketWatch.com] Moving the Markets While the major indexes suffered their biggest one-day percentage drops since September, as MSM reports, we have to remember that, when looking at the entire 2017 YTD performance, today’s 0.5% pullback is hardly newsworthy. Nevertheless, a weak energy sector with XLE correcting -1.16% did not help matters. And, as I reported just about …
No Market Report
Due to my continued travels, there will be no market report today. Regular posting will resume tomorrow afternoon.
One Man’s Opinion: Argentina Issues 100-year Bond. What Could Possibly Go Wrong?
By Simon Black Apparently while I was in the air yesterday flying between Asia and Europe, the financial system proved once again that it believes in magic beans. The latest absurdity is that the government of Argentina sold $2.75 billion worth of bonds yesterday afternoon. It’s not strange or unusual for a government to sell bonds; it happens multiple times …
Nasdaq Slips But Dow And S&P 500 Edge Up
Due to the shortened pre-holiday session, there will be no market report today but only an update to our Trend Tracking Indexes (TTIs): The TTI’s were mixed with the Domestic one slipping a tad while the International one gained solidly. Here’s how we closed 7/3/2017: Domestic TTI: +2.98% (last close +3.01%)—Buy signal effective 4/4/2016 International TTI: +7.19% (last close +6.89%)—Buy …
Afternoon Rally Starts June With A Bang
[Chart courtesy of MarketWatch.com] Moving the Markets Private sector hiring as reported by ADP, which added a seasonally adjusted and bigger–than-expected 253k rise in employment for May, set the tone for the market, as the major indexes climbed steadily above the unchanged line and into record territory. As has been the case in the recent past, negative news like US …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/20/2017
ETF Data updated through Thursday, April 20, 2017 Methodology/Use of this StatSheet: From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International ETFs (section …