The major indexes got an assist this week, after sliding lower into last Friday’ close, in the form of renewed hope that Washington’s finest will come together and attack the fiscal cliff crises with some form of compromise. Nothing was really resolved, but an oversold market in dire need of a bone took the faintest hint that some form of …
US Rally Fizzles As HP Plunge Offset Housing Gains; Europe Buoyed By Mideast Hope
[Chart courtesy of MarketWatch.com] Capping a choppy trading session, US stocks finished little changed Tuesday after an early rally triggered by an increase in housing starts in October was offset by a sharp sell-off in Hewlett-Packard shares. The looming budget negotiations on tax hikes and spending cuts continued to weigh on investors after Federal Reserve Chairman Ben Bernanke urged lawmakers …
Fiscal Cliff Hope Fest Pushes Indexes Higher, But On Very Low Volume; Europe Surges
[Chart courtesy of MarketWatch.com] US stocks surged Monday to log their biggest single-session gain in months on positive housing data and increasing investor confidence that a budget deal would be reached in Washington. Mind you that a deal is pure hope at this time, and I have my doubts that total cooperation without any battle will actually be feasible. Wall …
ETFs/Mutual Funds On The Cutline – Updated Through 11/16/2012
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 118 (last week 214) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 11/18/2012
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 11/18/2012. More market pain became apparent this week, as the S&P 500 dropped some 1.5% over the past 5 trading days. It could have been a lot worse on Friday, but new hope was given …
New ETFs On The Block: RBS Launches Five Rogers Commodity ETNs
Given the weak performance of the stock markets ahead of budget negotiations, many investors are looking for exposure in commodities. Although there are dozens of ETFs and ETNs in this segment, most fail to deliver adequate returns as they focus on front-month futures and roll contracts continually. This strategy can backfire if markets are in Contango, a condition where …