The fear of “tapering” subsided somewhat during the past week as announcements/clarifications by several heads of Federal Reserve banks had a soothing impact on Wall Street traders’ raw nerves. Remember, the only reason the major market indexes are at these current levels is due to the QE initiative sponsored by the Fed. Any talk of reducing the program has had …
Index ETFs Dip In Volatile Session
[Chart courtesy of MarketWatch.com] U.S. equity ETFs edged lower erasing earlier gains despite upbeat domestic auto sales figures for June and a stronger-than-forecasted report on factory orders. Selling pressure was fueled in-part by the escalating political turmoil in Egypt along with euro weakness after reports indicated the International Monetary Fund and Eurozone officials gave Greece three days to prove its …
Bulls Kick-Off Year’s Second Half On Solid Data
[Chart courtesy of MarketWatch.com] Stocks started hot on Monday with strong gains across the board; the second half of the year began in the same positive fashion as the first half, rebounding from Friday’s sell-off. But volume lagged all day, and prices cooled down by day’s end. Upbeat manufacturing reports from the U.S., Japan, and the Eurozone among others helped …
ETFs/Mutual Funds On The Cutline – Updated Through 6/28/2013
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 263 (last week 263) are hovering in bullish territory. The second report includes only …
Last Week In Review: ETF News And Blog Posts To 6/30/2013
In case you missed it, here’s a summary of the ETF topics and market commentaries I posted to my blog during the week ending on 6/30/2013. The past week started out on very shaky ground as far as bullish momentum was concerned. The reason was the fallout from the Fed’s taper talk that pushed the S&P 500 down to the …
New ETFs On The Block: Horizons S&P 500 Covered Call ETF (HSPX)
Markets turned volatile across the globe after the Federal Reserve indicated it may slow down its asset purchase program later this year. A tapering of QE3 is likely to be followed by a hike in interest rates, which in turn will put downward pressure on fixed-income portfolios. Investors are naturally worried about greater volatility and are seeking stability while protecting …