More loss of upward momentum, since last week’s ETF Model Portfolio report, pulled the S&P 500 down by another 3.5%. That means the S&P 500 is currently showing a YTD gain of +2.22% after having reached a high of some 12% after the end of the first quarter. Our model portfolio #2 had reached a high of +7.89% but is …
Major Market ETFs Rise On Upbeat Services Number; ITB Gains, VXX Dips
[Chart courtesy of MarketWatch.com] Major Market ETFs closed higher Tuesday for the second straight day, pushing the Dow Industrials into the green territory and snapping four loss-sessions, as investors cheered a better-than-expected ISM index’s nonmanufacturing businesses reading. Gains, however, were limited as the ongoing European sovereign debt crisis continued to overshadow this positive US economic development. Ratings agency Standard & …
US Equities Maintain Negative Bias; EWP Pole Vaults, KWT Crashes
[Chart courtesy of MarketWatch.com] US equities remained near flat Monday despite witnessing choppiness in early trading as a larger-than-expected drop in factory orders added to souring sentiment about the domestic growth. US factory orders slipped 0.6 percent in April against an expected gain of 0.1 percent. Treasuries retreated for the first time in four days to erase earlier gains amid …
ETFs/Mutual Funds On The Cutline – Updated Through 6/1/2012
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 92 (last week 215) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 6/3/2012
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 6/3/2012. The roller coaster ride continued with the S&P 500 getting spanked at the tune of -3% over the past week. While momentum has clearly shifted downward, with the major indexes dropping below their respective …
Markets Are Overreacting On The Jobs Data; QE3 On The Table: James O’Sullivan
Economist James O’Sullivan is surprised with the market’s reaction to the latest jobs number from the US. Of course, 69,000 job additions are far less than his projection of 180,000 jobs for May, but markets have overreacted because of the back drop; there’s too much jitter because of the developments in Europe and not to mention the approaching elections. The …