Last Monday, I commented that the S&P 500 has been range trading over the past month from a low of 1,120 to a high of some 1,220. We are now approaching the high end of the range again, and the questions remains as to whether resistance will kick in again at that level or at 1,217, which represents the index’s …
High Volume ETFs On The Cutline – Updated Through 9/14/2011
Momentum is not heading in the right direction, if you are looking for opportunities on the long side using equity ETFs. Since last week’s report, the S&P 500 has given back -0.83%, but the number of ETFs positioned above the line and therefore in bullish territory has been reduced to only 7. It includes the same old performers we have …
Skepticism Prevails As Major Market ETFs Head Higher
The markets had nothing to go on other than hope and wishful thinking that Greece will be saved and remain in the European Union, while speculation grew that China may throw an assist to Europe’s indebted nations. However, skepticism set in towards the end of the trading day, as cooler heads prevailed by concluding that today may have been just …
7 ETF Model Portfolios You Can Use – Updated through 9/13/2011
While the S&P 500 managed to gain a slight +0.69% since last week’s update, most portfolios declined to varying degrees as the precious metals, along with the Swiss Franc, took a hit over the past few trading days. That impacted our core holding PRPFX. There will be days like that, but overall, PRPFX has held steady and has come off …
European Debt Worries On Hold—Equity ETFs Continue Modest Rally
European debt worries and bank problems certainly have not gone away; they were merely put on hold today with no negatives hitting the newswires. As a result, the domestic markets seesawed but managed to close higher for the second day in a row. However, the health of a variety of European banks is still of great concern and may come …
Bouncing Off The Support Level—Major Market ETFs Stage A Rebound
You never know if a white knight can suddenly appear with enough powers to pull the major indexes out of a deep hole. That was the case today, as the S&P 500 was bouncing around its major support level of 1,140, which was briefly violated, when news broke that Italy is talking to Chinese Investors about buying some of its …