[Chart courtesy of MarketWatch.com] Just as the major market indexes were about to violate their psychologically important milestones, that is 13,000 for the Dow and 1,400 for the S&P 500, news broke that there will be another fiscal cliff meeting forthcoming, as the House told their members to show up for work Sunday night at 6:30 pm. That’s all it took, and …
US Equities Slide Third Day In A Row On Budget Talk Concerns And Weak Retail Numbers
[Chart courtesy of MarketWatch.com] It was combination of weak retail numbers, showing that consumers spent less during this holiday season than last year, the ongoing fiscal cliff saga followed by low volume in the markets that provided neither upside ammunition nor any motivation for those left on Wall Street to get involved during the last few trading days of 2012. …
7 ETF Model Portfolios You Can Use – Updated through 12/24/2012
It’s no surprise that the fiscal cliff negotiations were still the #1 driver of the stock market. With time running out, the S&P 500 meandered all of last week and gave back 3 points as hope remained that a last minute compromise might still be in the cards. If that does not materialize, the indexes will have to adjust to …
Indexes Slip As Fiscal Cliff Reality Looms; Food For Thought On Who Is Guilty
[Chart courtesy of MarketWatch.com] Fears about the looming fiscal cliff are taking on a new dimension as there is exactly one week left for the President and Congress to come together and avoid the mandatory spending cuts and tax increases. On extremely low trading volume, the equity indexes gave up ground for the second day in a row during today’s shortened session. …
ETFs/Mutual Funds On The Cutline – Updated Through 12/21/2012
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 349 (last week 341) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 12/23/2012
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 12/23/2012. Anxiety about the fiscal cliff outcome was overridden by continued hope that a compromise would be in the cards which lifted the S&P 500 by about 1%. Friday’s sell off brought back the sobering …