[Chart courtesy of MarketWatch.com] US stocks snapped a two-day mini-decline to finish slightly higher Wednesday after existing US home sales came in better than estimated while Japan announced additional monetary stimulus to boost a stagnating economy. The indexes turned lower early on following a Commerce Department report that showed housing starts in August grew at 2.3 percent to an adjusted …
7 ETF Model Portfolios You Can Use – Updated through 9/18/2012
Following the Draghi announcement 2 weeks ago, the Fed stepped up to the plate by going “all in” with its QEternity plan of buying some $45 billion in mortgage backed securities per month. The program is open ended meaning there is nothing else for the Fed to announce in terms of more stimulus until this plan has run its course. …
Market Indexes Dip On Europe Worries; Banks, Oil Firms Drag Europe Lower
[Chart courtesy of MarketWatch.com] Despite the housing market showing signs of improvement in September, US stocks closed mostly lower for the second straight day Tuesday on uncertainties in Europe as Spain continues to drag its feet over seeking a formal bailout from the European Central Bank despite Spanish 10-year borrowing costs edging higher in recent auctions. My view of why …
Equity ETFs Step Back As Manufacturing Disappoints; Europe Hits Gridlock
[Chart courtesy of MarketWatch.com] Equity ETFs took a breather to close lower Monday as last week’s Fed stimulus-driven euphoria faded after a disappointing New York area manufacturing data forced investors to mull over the health of the economy. Maybe some of the realization is sinking in that all is not well as markets have chosen to ignore economic fundamentals by …
ETFs/Mutual Funds On The Cutline – Updated Through 9/14/2012
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 375 (last week 350) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 9/16/2012
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 9/16/2012. Not to be upstaged by Mario Draghi’s announcement that he will do “whatever it takes” to save the Euro during his prior week’s announcement, it was now Ben Bernanke’s turn to deliver the goods …