The major indexes meandered in a tight 8 point trading range (S&P 500) but ended up closing at the high point with the Dow regaining its 14k milestone marker again. It comes as no surprise to me that momentum seems to be slowing as we’re honing in on multi-year highs for the S&P 500. With economic fundamentals being totally disconnected …
Market Indexes Inch Upward As Dow Hits Five-Year High; Europe Gains on Barclays
[Chart courtesy of MarketWatch.com] US equities edged up Tuesday sending benchmark indexes to five-year highs, as earnings topped street estimates and investors looked ahead to President Barack Obama’s State of the Union address in the evening. In economic news, the US Treasury reported a budget surplus of $2.9 billion for January, beating estimates of a $2 billion deficit. Overseas, finance …
Indexes Drift Lower In Lackluster Trading; Novo Nordisk Puts A Drag On Europe
[Chart courtesy of MarketWatch.com] The major index ETFs finished marginally lower Monday on the lightest volume trading day of 2013 as investors took a breather after the recent rally and reassessed the markets that have pushed the S&P 500 and the Dow Jones near all-time highs. With no significant economic and corporate-earnings news to chew on, markets took a pause …
ETFs/Mutual Funds On The Cutline – Updated Through 2/8/2013
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 367 (last week 368) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 2/10/2013
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 2/10/2013. Monday’s sell off in the markets proved to be short lived as upward momentum resumed and, while the indexes spent the rest of the week meandering sideways, the S&P managed to add 0.33% from …
New ETFs On The Block: Credit Suisse Gold Shares Covered Call ETN (GLDI)
Credit Suisse launched a new exchange-traded note (ETN) last month that offers investors exposure to price movement of gold in addition to monthly income distributions. The Credit Suisse Gold Shares Covered Call ETN (GLDI) is the first gold fund in the US that deploys a covered call strategy. GLDI is linked to the Credit Suisse NASDAQ Gold FLOWS 103 Index, …