[Chart courtesy of MarketWatch.com] U.S. equity index ETFs closed higher today thanks to mostly upbeat economic data, stronger-than-expected reported earnings from IBM, UnitedHealth Group, and Morgan Stanley, along with Fed Chairman Bernanke’s comments further reassuring markets. The Dow Jones Industrial Average and the Standard & Poor’s 500 Index closed at record highs; with the S&P 500 notching a fresh intraday …
Bernanke’s Reassurance On Stimulus Lifts Stocks
[Chart courtesy of MarketWatch.com] The major U.S. equity ETFs finished trading with modest gains after a choppy session, amid the Federal Reserve Chairman Bernanke reiterating in Congressional testimony, that the Central Bank’s asset purchases could be increased or reduced depending on the health of the economic recovery. Supporting the up-down session were an unanticipated declines in domestic building permits and …
7 ETF Model Portfolios You Can Use – Updated through 7/16/2013
Risk-on was the mode of the past five trading days as the S&P 500 added another 1.45% during this latest run into record territory. Of course, as I have posted relentlessly, economic fundamentals have nothing to do with this current lift-a-thon, but it had everything to do with what the Fed said and didn’t say in regards to the potential …
Markets Pull Back Awaiting Fed Chief’s Statement
[Chart courtesy of MarketWatch.com] The longest rally in the Standard & Poor’s 500 Index (SPY) since January came to a halt today in the wake of a mixed bag of economic and earnings news. Tomorrow’s looming semi-annual testimony on Capitol Hill by Federal Reserve Chairman Ben Bernanke may also have contributed to a bit of caution on the Street. The …
Bulls Open The Week With Lack Of Participants
[Chart courtesy of MarketWatch.com] An unexpected improvement in U.S. regional manufacturing activity, a rise in business inventories, and an inline 2Q GDP report out of China, was the U.S. equities neede to continue their gains to open the week. The Standard & Poor’s 500 Index (SPY) settled higher to mark its eight consecutive advance, the longest winning streak since January. …
ETFs/Mutual Funds On The Cutline – Updated Through 7/12/2013
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 304 (last week 263) are hovering in bullish territory. The second report includes only …