The theme remained the same in that the indexes continued their relentless march into higher territory with the S&P 500 adding another 1.4% since last week’s ETF Model Portfolio report. It’s almost impossible to find a pullback in the indexes intraday in order to establish new positions. On a couple of occasions, I had maybe 15 minutes to place some …
The Relentless Equity March Continues; Europe Slips
[Chart courtesy of MarketWatch.com] US stocks gained Tuesday with the S&P 500 and the Dow finishing at fresh five-year highs amid better-than-expected quarterly results from corporations including insurer and Dow component Travelers Cos Inc. Equity averages were briefly dented earlier, offering the only buying opportunity of the day, after a report from the National Association of Realtors showed US existing-home …
ETFs/Mutual Funds On The Cutline – Updated Through 1/18/2013
ETFs/Mutual Funds On The Cutline – Updated Through 1/18/2013 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 373 (last week 363) of …
Last Week In Review: ETF News And Blog Posts To 1/20/2013
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 1/20/2013. Despite option expiration day last Friday, trading did not show much volatility for the first few days until the S&P 500 broke out to the upside and ended up gaining about 1% for the …
One Man’s Opinion: Will Fiscal Tightening Cause A Recession In 2013?
Fiscal tightening won’t cause a recession in 2013, says Michael Darda, chief economist and chief market strategist at MKM Partners. The latest unemployment benefit claims number fell to a five-year low and is a leading indicator for the labor market. Housing starts are strong though they are at a low level. The upswing is gaining momentum indicating some firming rather …
New ETFs On The Block: Global X Junior MLP ETF (MLPJ)
Global X Funds, the New York-based provider of exchange-traded funds famous for niche strategies, has launched the Global X Junior MLP ETF (MLPJ), a fund that targets the small-cap segment of the Master Limited Partnership (MLP) segment. MLPJ will track the Solactive Junior MLP Index, a benchmark that measures the performance of US-listed energy and resource MLPs involved in everything …