For the third consecutive trading session, markets remained in the green, giving some hope for equities. Once again, major indices and commodities rose with the S&P 500 gaining 1.83%, while the U.S. dollar slightly depreciated to $1.34/euro. Today’s gains were possibly in part due to strong September sales figures from major U.S. retailers that exceeded expectations, suggesting a potential rebound …
The Calm Before the Storm—Stay In Cash Or Retreat to Safer Non-Equity ETFs
[Chart courtesy of MarketWatch.com] Markets continued to ride yesterday’s reversal, as major index ETFs and commodities such as gold and oil posted sizeable gains (S&P 500 up 1.79%, oil up 5.35%) while volatility subsided (VIX down over 7.5%). However, this short-term market upswing appears to have little credence in the midst of a serious European debt crisis where there is …
7 ETF Model Portfolios You Can Use – Updated through 10/4/2011
Another 2% market drop, since last Wednesday’s report, moved our ETF Model Portfolios only slightly. The reason is, of course, that we have been stopped out of all volatile positions over the past few weeks and are now only invested in a few bond ETFs. We sold the world bond BWX in portfolio #4 yesterday, as it had dropped off …
Equity ETFs Tank—Then Rebound Sharply In Last Hour
[Chart courtesy of MarketWatch.com] Note: Gold and oil prices in above chart reflect the evening session One of the most frequently asked questions I have received since the beginning of our Domestic Sell Signal, which was effective 8/9/11, is why I don’t recommend using inverse ETFs, such as SH for the S&P 500, to take advantage of bear market conditions. …
Stumbling Into October—Major Market ETFs Retreat Sharply
[Chart courtesy of MarketWatch.com] The major market ETFs took it on the chin today in what appears to be a continuation of last week’s selloff. The S&P 500 ended up closing below its trading band that I discussed last Tuesday. I featured the S&P 500 chart below, which now clearly shows the downside breakout: Today’s weakness pushed stocks to their …
Last Week In Review: ETF News And Blog Posts To 10/2/2011
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 10/2/2011. More downside momentum finally pushed our Domestic Trend Tracking Index (TTI) further into bear market territory. Europe and its multitude of debt solutions, most of them band aid approaches, will remain on the agenda …