Upside momentum slowed down as shown by the S&P’s short-term sideways pattern with the benchmark giving back 4 points since last Wednesday’s ETF Model Portfolio report. While we came within 2 points of taking out the 2007 high, it was not yet to be, as the crisis in Cyprus pulled the major indexes off their highs, although Europe was much …
Index ETFs Still Affected By Cyprus; European Stocks Slump On Concern Cyprus To Reject Bank Tax
[Chart courtesy of MarketWatch.com] US equity averages ended mixed with the Dow Industrials eking out a slight gain, and the S&P 500 Index extending its longest slump of the year as Cyprus’ rejection of a bailout levy eclipsed economic data that showed growth in new home construction. Stocks retreated as lawmakers rejected an unprecedented levy on bank deposits, throwing into …
Cyprus Drags Down Wall Street; Europe Bruised By Cyprus Bank-Deposit Levy
[Chart courtesy of MarketWatch.com] US indexes fell for a second day, after the Dow Industrials reached record highs last week as a controversial bank tax levied by euro-area leaders on Cypriot bank deposits in return for a bailout reminded investors Europe’s debt problems are far from over. Equities fell hard at the start as investors grew worried by news that …
ETFs/Mutual Funds On The Cutline – Updated Through 3/15/2013
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 353 (last week 354) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 3/17/2013
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 3/17/2013. It was a slow week with the S&P 500 “only” adding 0.6% to the prior five trading day’s sharp gains as the benchmark neared its 2007 all-time high. While the Dow has been frolicking …
New ETFs On The Block: Global X Superdividend US ETF (DIV)
Global X Funds, a New York-based provider of exchange-traded funds best known for its niche offerings, has launched the Global X SuperDividend US ETF (DIV). As the name suggests, the fund is a direct play on one prominent theme; the investors’ thirst for dividend and yield. However, the new ETF features an additional source of appeal for the conservative investor; …