[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 …
Markets Climb Back To 2016 Highs
[Chart courtesy of MarketWatch.com] Markets soared higher today on strong earnings from JPMorgan that resulted in bullish sentiment on upcoming report cards for the financial sector. That’s the official MSM version. Mine is that if you set the earnings bar low enough, the numbers can be beat, which happened today and resulted in a lift of share prices for the …
Oil And Equities: Back To 100% Correlation
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks posted strong gains today, rising nearly 1% across the board. Oil, as it has been (and seems like will be for the near future) was “the” big market mover. The black gold gained 3.96% to move above $41 a barrel, which makes economic bulls even more bullish. In the world of …
Early Rally Runs Out Of Steam—Indexes Slip Into The Red
[Chart courtesy of MarketWatch.com] 1. Moving the Markets All three U.S. benchmarks began the day in positive ground, before sliding back. About mid-afternoon, they faltered into negative territory, ending at session lows by the closing bell. The buzz of late has been all about earnings expectations and how the market will react. If earnings come in negative in the January-March …
ETFs/Mutual Funds On The Cutline – Updated Through 04/08/2016
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 381 ETFs, of which currently 218 (last week 246) are hovering in bullish territory. The second report includes only …
New ETFs On The Block: PowerShares DWA Tactical Multi-Asset Income Portfolio (DWIN)
The fund-of-funds investment strategy has become quite popular among investors and exchange traded fund managers have been quick to get off the block in order to capitalize on the growing trend. Invesco PowerShares, a leading global provider of ETFs, recently launched the PowerShares DWA Tactical Multi-Asset Income Portfolio (DWIN) that takes the F-o-F (or rather the ETF of ETFs) investment …