[Chart courtesy of MarketWatch.com] 1. Moving The Markets Markets dropped today amidst questions over the health of a large Portuguese bank namely Banco Espirito Santo. Concerns over a delayed payment caused a stock sell-off in Europe and the angst spread to Wall Street. The Dow, which had dropped as much as 180 points on the day, ended down 71 points, …
Markets Snap Losing Streak; Airlines ‘Take Off’ Again
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks broke their two-day losing streak today as investors became encouraged by better-than-expected earnings reports from Alcoa (AA). All of the major indexes gained. In other earnings news, shares of The Container Store (TCS) dropped 9% after the specialty retailer reported earnings below expectations and said it was experiencing a retail “funk.” …
Investors Remain Bearish Ahead Of Q2 Earnings Season
[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a good day for German soccer fans, but the same joys were not felt by U.S. investors. Stocks tumbled as the Dow fell nearly 118 points, ending the trading day below the glorious 17,000 mark it surpassed for the first time recently. The S&P 500 and the Nasdaq retreated as …
Markets Calm After Extended Holiday
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Well, last week ended with a ‘bang’ heading into the 4th of July holiday as the Dow officially passed the 17,000 mark, and the other major indexes both pushed to record highs. The momentum seemed to have fizzled after a long weekend though and the indexes closed Monday lower across the board …
ETFs/Mutual Funds On The Cutline – Updated Through 07/03/2014
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 398 ETFs, of which currently 392 (last week 394) are hovering in bullish territory. The second report includes only …
New ETFs On The Block: JP Morgan Diversified Return Global Equity ETF (JPGE)
JP Morgan Asset Management, one of the largest issuer of mutual funds in the US, ventured into the fast growing exchange-traded funds space by launching the JP Morgan Diversified Return Global Equity ETF (JPGE) on the NYSE Arca. The launch of this much-anticipated geographically diversified “smart beta” equity fund is expected to build on JPM’s reputation as an active asset …