Thanks to yesterday’s snap back rally, the S&P 500 managed a 1.2% gain for a change since my last ETF Model portfolio report. We came dangerously close to breaking the psychologically important 1,200 level but managed to avoid a drop below it for the time being. With our portfolios holding a large cash position supported by some bond and sector …
Big Upswing for Equity ETFs, But There’s Still No Sigh Of Relief
[Chart courtesy of MarketWatch.com] Markets suddenly were in a bullish mood today as indices worldwide moved to the upside. The S&P 500 jumped 2.98% while European indices such as the DAX gained 3.11%. However, the Euro didn’t move much against the dollar, ending at $1.31/Euro. With equity ETFs gaining, bond ETFs didn’t fare as well. The 10-year Treasury had a …
Major Market ETF Declines Show That Pessimism Isn’t Fading Away Soon
[Chart courtesy of MarketWatch.com] The week started off on a bad note, as major market ETFs swung to the downside. The S&P 500 dropped 1.17% while other U.S. indices performed similarly. The dollar stayed at $1.30/Euro while commodities didn’t move much. Keeping in line with the uncertainty in Europe, investors continued to flock toward Treasuries, with the 10-year Treasury falling …
ETFs/Mutual Funds On The Cutline – Updated Through 12/16/2011
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 48 (last week 101) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 12/18/2011
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 12/18/2011. Last week’s relief from the EU summit proved to be short lived and turned into disappointment, as it became clear that Europe’s leaders managed to come in below the already low expectations. In other …
Not Much Progress In The Wake of the EU Summit
It was another rough week for global markets as the Eurozone remains stuck in a dire situation. Meanwhile, China’s economy is starting to show more weakness while the U.S. situation hasn’t really improved. The flood to Treasuries this week provides an indication that investors are unsettled by the level of market risk on a global scale, especially Europe. A litany …