[Chart courtesy of MarketWatch.com] The situation in Europe remains a drag on equity ETFs as markets fell further once more. The S&P edged down 0.85%. The NASDAQ has also been in quite a slump in comparison to the S&P 500 and Dow Jones index, dropping 1.26%. The 10-year Treasury also fell once more, dipping to a yield of 1.96%. Most …
Back To The Downside – Europe Weighs Down on Equity ETFs
[Chart courtesy of MarketWatch.com] Despite an EU Summit that appeared to hint towards fiscal unity and discipline, markets didn’t quite agree with that sentiment today. The S&P 500 slid 1.49% while European markets also had a rough day. With cracks still showing in Europe’s financial system, the Euro took a dip against the dollar down to $1.32/Euro. Unlike most down …
ETFs/Mutual Funds On The Cutline – Updated Through 12/9/2011
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 397 ETFs, of which currently 101 (last week 84) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 12/11/2011
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 12/11/2011. Relief from the European summit that more fiscal discipline will be part of a future agreement involving all 26 EU members (except England) kept the major market indexes elevated. Even though no structural issues …
Eurozone Re-Cap: Is A Long-Term Solution in Sight?
Although the EU Summit has come to a close this week, it’s still hard to see whether the Eurozone has the tools to rid itself of its crisis. The U.K. has decided not to agree to the new EU treaty, creating some discord among the 26 other European members who agreed. However, greater problems are still at hand, especially whether …
The 2011 Roller Coaster Ride — AKA The Stock Market
If you had trouble following the major trends in the domestic market this year, you’re not alone. One trader reviewed the highlights in this recent summary: Crash into early August, then hit a low where market rallied up 10% in six days. We then dropped about 7% in 3 days. We then rallied up about 9% in 7 days. And …