Momentum slowed over the past week with the S&P 500 adding only 0.3%. Will Greece receive new bailout money, or not, has been the main question as the Eurozone Finance ministers will have the final say if and when funds will be released. Opinions abound that Greece will head for a default anyway, a view that I share, and this …
A Timid Day for Equity ETFs
[Chart courtesy of MarketWatch.com] Markets were relatively stagnant today despite the cancellation of a Greek bailout meeting. The atmosphere is becoming increasingly tense as the deadline looms, putting Greece’s chances of receiving bailout funds in jeopardy. Despite flatness in equities, the 10-year Treasury dipped to 1.92%, a sign that investors remain in a risk adverse mood. A disorderly default in …
Major Market ETFs Rally Following Greece’s Vote
[Chart courtesy of MarketWatch.com] The major market indexes retraced Friday’s sell off, and then some, as Greece’s parliament voted in favor of strict financial reforms in order to receive the latest bailout package of at least $130 billion Euros. Athens burned for most of the night as protestors rioted and questioned the wisdom of having to endure more hardship after …
ETFs/Mutual Funds On The Cutline – Updated Through 2/10/2012
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 332 (last week 340) of them are hovering in bullish territory. The second report …
Last Week In Review: ETF News And Blog Posts To 2/12/2012
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 2/12/2012. Friday’s pullback left the major indexes almost unchanged for the last week. All eyes are now on the (hopefully) final act of the Greek debt opera as party infighting continued while the realization of …
All Eyes On Greece – The Saga Continues
In what seems to be a never ending saga, the Greek crisis has now hit another critical point. While the austerity measures agreed to this week were a necessary step towards cutting Greece’s debt load, it came at great political and social costs as internal unrest has hit a new fever pitch. There is still no deal with bondholders, and …