It was another wild day on Wall Street, as the Dow dropped from a gain of 150 points to a loss of more than 200 points, followed by a recovery of 430 points. The main event of the day was the announcement by the Federal Reserve that QE-3 is not on the table (disappointment), but that interest rates may remain …
Equity ETFs Get Slammed – Domestic Trend Tracking Index (TTI) Slides Into Bear Market Territory
There was no place to hide as global markets got slapped with the bears in firm control of market direction. Our Domestic Trend Tracking Index (TTI) finally succumbed, after dancing around its trend line last Friday, and sliced clearly into bear market territory. Here are the latest numbers after the close today:
A New Uncertainty Surfaces – Expanded ETF Master Cutline List – Updated through 8/5/2011
Every so often I talk about known and unknown uncertainties, and the power they have to derail markets, especially in today’s volatile environment. The latest uncertainty, which became known after the markets closed on Friday, was S&P’s downgrade of U.S. debt from its sterling AAA rating to AA+. While the possibility of a downgrade was not breaking news, the sudden …
Last Week In Review: ETF News And Blog Posts To 8/7/2011
In case you missed it, here’s a summary of the ETF topics that I posted to my blog during the week ending on 8/7/2011. Another sharp downside week pushed the major domestic indexes to the edge of slipping into bear market territory, according to my Domestic TTI. After Friday’s close, Standard & Poor’s announced the downgrade of U.S. debt from …
ETF Leaders And Laggards – For The Week Ending 8/5/2011
Here is a quick ETF review of the past week’s winners and losers from my High Volume ETF Master list: Some of last week’s contenders remained in the top spots, as a flight to safety continued to be the name of the game during the market drubbing of the past 5 trading days. We have now knifed through major support …
ETF/No Load Fund Tracker Newsletter For Friday, August 5, 2011
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2011/08/weekly-statsheet-for-the-etfno-load-fund-tracker-updated-through-842011/ ———————————————————— Market Commentary Friday, August 5, 2011 SELL-OFF TSUNAMI Volatility continued today as the Dow see-sawed from a plus 171 points to a minus 245 points, but ended up settling at +61. The other major market ETFs followed a similar pattern and, after it …