[Chart courtesy of MarketWatch.com] 1. Moving the Markets As the chart above clearly shows, the major indexes went off to races right at the opening as upbeat, although severely seasonally adjusted, retail sales figures lead the way to a sharp rebound rally overcoming yesterday’s bearish tendencies. Hope for a strengthening economy based on optimism that the consumer had not died …
The Worst Day In Stocks Since Early October; And A Burger To Go With It
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks took a beating today. The S&P 500, Dow and Nasdaq all dropped more than 1.5%, and marked the third straight day of losses on Wall Street. The dominant financial story remains oil, as the price of crude plunged again after the Organization of Petroleum Exporting Countries (OPEC) slashed its estimate of …
Dow And S&P Close In The Red For Second Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a bit of a quiet day in regards to market moving news. Stocks were steady early in the day, but fizzled later and, despite a tremendous rebound, the S&P 500 and Dow both closed in the red. The Nasdaq was the only major index that inched up, driven higher by …
A Sluggish Start To The Second Week Of December
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks dropped on Monday with the Dow stumbling more than 100 points. The S&P 500 retreated more than 0.8% and the Nasdaq gave back more than 0.7%. Falling oil prices were the culprit that dragged down the energy sector. U.S. crude fell more than 4% to close the day at $63.05 …
ETFs/Mutual Funds On The Cutline – Updated Through 12/05/2014
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 410 ETFs, of which currently 264 (last week 278) are hovering in bullish territory. The second report includes only …
New ETFs On The Block: First Trust Eurozone Alphadex ETF (FEUZ)
European equities have performed well this year despite stubbornly low inflation in the European Union with the pan-European STOXX Europe 600 Index jumping 3.1 percent in November alone. Since all the major EU economies are net importers of crude oil, falling gas prices in pumps are expected to boost consumer spending across the region, thus creating sustainable demand in the …