ETF/Mutual Fund Data updated through Thursday, February 23, 2012 If you are not familiar with some of the terminology used, please see the Glossary of Terms. Note: UNG had a 4:1 reverse split, which is not yet reflected in today’s momentum data 1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY — since 10/25/2011 The domestic TTI broke through its long-term trend …
Equities Rally On Strong Economic Data—Gasoline ETF Booms As Pump Prices Gain
[Chart courtesy of MarketWatch.com] Strong economic data drove US equities higher today paring yesterday’s losses with the S&P climbing to a near ten-month high. Major indexes are already in the green on the week after investors were greeted with better-than-expected unemployment data on Thursday. A strong report on German economic outlook boosted sentiments further. The stock markets have performed well …
Major Market ETFs Drift Sideways, Gold Gains Again As Yellow Metal Inches Towards $1,800
[Chart courtesy of MarketWatch.com] US equity indexes ended the day lower as markets took a break on Wednesday after rallying for three sessions amid fears about global recovery and the sustainability of Greek measures in the mid-term. There has been much chatter about a possible contagion in the short-term when the Greek crisis had broken out. This hypothesis has become …
7 ETF Model Portfolios You Can Use – Updated through 2/21/2012
The S&P 500 advanced some 0.8% since last week’s ETF Model Portfolio report with all eyes remaining on the final outcome, whenever that will be, of the Greek debt saga. More layers of austerity were added during today’s Eurozone meeting, but questions abound, and rightfully so, how a country mired in a depression, with more cuts to come, will be …
Equity ETFs Remain Flat After Greek Deal, XHB Slips, GLD Glitters
[Chart courtesy of MarketWatch.com] The Greek torment finally ended (I hope) as Eurogroup Finance Ministers agreed to a long-awaited €130 billion second bailout package early on Tuesday. The final deal arm-twisted the private holders of Greek debt to accept even higher losses than they had agreed to last month. European officials now say that private lenders, led by banks and …
European Major Market Indexes Rise On Greek Hopes
The US markets remain closed today as the country celebrates the President’s day. Meanwhile, the negotiations between Athens and the European Finance Ministers over the second bailout package continue in Brussels today. Members of the so-called Eurogroup, made up of 17 members that use the common currency, are discussing whether Greece has done enough to qualify for another round of …