[Chart courtesy of MarketWatch.com] US indexes continued their upward momentum with the Dow Industrials closing at a new record high as the number of Americans who filed for unemployment benefits fell to a six-week low, showing further improvement in the labor market. Ahead of Thursday’s open, the Labor Department said initial applications for unemployment benefits fell unexpectedly to 340,000 last …
Dow Industrials Extend Record High On Jobs Data; Europe Retreats From 4 ½ Year High
[Chart courtesy of MarketWatch.com] US indexes finished mostly higher with the Dow Jones Industrial Average extending its record high after a private report showed companies hired more workers than forecast and the Federal Reserve said the economy is growing. Ahead of the opening bell, a report by Automatic Data Processing Inc. showed US companies added 198,000 workers in February, exceeding …
7 ETF Model Portfolios You Can Use – Updated through 3/5/2013
After the previous week’s knockdown, it was up, up and away as the reasons for the pullback vanished into thin air with the S&P 500 adding some +2.9% recouping all losses and then some. The Dow finally took out its 2007 high, which I commented on yesterday. It seems like it’s a one way street into bubble territory with equities …
Heading Into Bubble Territory; Dow Hits Record High After Services Index Rise; Europe Rallies
[Chart courtesy of MarketWatch.com] The Dow Jones Industrial Average jumped to a new high Tuesday, trimming losses from the financial crisis after a four-year rally, fueled by monetary stimulus from the Federal Reserve and alleged indications of an improving economy. Equities extended their gains after the Institute for Supply Management’s index for non-manufacturing activity rose to 56 percent from 55.2 …
ETFs/Mutual Funds On The Cutline – Updated Through 3/1/2013
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 344 (last week 354) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 3/3/2013
In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 3/3/2013. Again, early this past week we had a sharp sell off in the indexes caused by the outcome of the Italian elections and the constant fear mongering in the main stream media about the upcoming sequester …