[Chart courtesy of MarketWatch.com] 1. Moving The Markets One of the biggest news items today was that J.C. Penny (JCP) announced (just after the market closed) it will be closing 33 stores and cutting 2,000 jobs. The cuts will essentially result in cost savings of about $65 million according to Chief Executive Mike Ullman. The stock was down 0.86% today and …
Equities Rebound As Tesla Blazes A Trail
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks rebounded today which resulted in the S&P 500 posting its largest gain so far this year. Positive market sentiment today seemed to rally around the Fed’s Richard Fisher and Charles Plosser optimistic economic recovery as they expressed continued support for the central bank tapering. However, many investors seem to feel that …
Stocks Slump, But Corn Looks Tasty!
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks experienced a late day sell off that brought the benchmark indexes to a 4-month low. The sell-off was primarily a reaction to the weak December jobs report and the Fed’s comments about further reducing the stimulus. The December jobs report claimed that only 74,000 jobs were added in December, which …
ETFs/Mutual Funds On The Cutline – Updated Through 01/10/2014
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 324 (last week 317) are hovering in bullish territory. The second report includes only …
New ETFs On The Block: Wisdomtree Japan Interest Rate Strategy Fund (JGBB)
Japanese stocks have performed exceedingly well since Prime Minister Shinzo Abe initiated reformative initiatives earlier last year to boost the economy. The so-called “Abenomics” that mandated structural reforms and easy monetary policies, boosted investor confidence in Japanese equities, making Japan the best-performing developed market in the world. Japanese stocks surged 56.7 percent in local currency terms last year as the …
ETF/No Load Fund Tracker Newsletter For Friday, January 10, 2014
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2014/01/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-01092014/ ———————————————————— Market Commentary Friday, January 10, 2014 STOCKS STILL COLD THIS WEEK, BUT ENGERGY ETFS DON’T MIND [Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks ended Friday mixed after the U.S. December jobs report disappointed though losses were limited and trading remained …