[Chart courtesy of MarketWatch.com] US major indexes extended their losing streak for the fourth straight day Thursday after the European Central Bank failed to deliver on its earlier pledge to halt a further decline of the ongoing sovereign debt crisis. ECB president Draghi, who last week single handedly ignited a rally in equities with talk of upcoming bazooka like actions, …
Fed Disappoints—US Stocks End Marginally Lower; ECB And Unemployment Numbers On Deck; USO Rises, URA Sinks
[Chart courtesy of MarketWatch.com] US stocks ended marginally lower Wednesday as the Federal Reserve decided to hold back another round of asset purchases to boost the economy. Traders had priced in a Fed move to support the market’s lofty levels even though eight of ten economists surveyed by Bloomberg News were negative on the Federal Reserve initiating further quantitative easing …
7 ETF Model Portfolios You Can Use – Updated through 7/31/2012
The roller coaster ride continued this past week with the S&P 500 gaining 3% after having lost 1.9% during the prior five trading days. This past week’s ramp up came as a result of super Mario (Draghi’s) chest pounding about rehashing all the things the ECB is willing to do to assist the Euro crisis, but he was rebuffed later …
Market Indexes Slip On Uncertainty; Will The Fed/ECB Deliver?
[Chart courtesy of MarketWatch.com] Uncertainty and a certain amount of nervousness among traders provided the background for the day, as the major indexes all slid into the end of the month. There was not much propping up going on as today proved to be a repeat of yesterday’s theme with the indexes hovering slightly above and below the unchanged line. …
US Equities Stall After Two-Day Rally; UNG Bursts, KWT Fades
[Chart courtesy of MarketWatch.com] US equities remained just about flat with a slight negative bias today, snapping a two-day winning streak as investors chose to hold back ahead of the central bank meetings and monthly jobs report later this week. The Dow Jones Industrial Average (DJIA) lost 3 points, with the index’s heaviest component JP Morgan Chase (JPM) leading the …
ETFs/Mutual Funds On The Cutline – Updated Through 7/27/2012
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 265 (last week 224) of them are hovering in bullish territory. The second report …