[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets exploded upwards this afternoon after the latest release of the Fed minutes. The Dow jumped back up 1.64% today, the S&P 500 gained 1.75% and the Nasdaq soared 1.91%. In its statement, the Fed said that it planned to end its market-friendly bond-buying program after this month; however, the Fed also …
Nothing Smells Good As Markets Nosedive; Domestic TTI Remains On the Bullish Side—For The Time Being
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets took a nosedive and were covered in red today. All major indexes dropped more than 1.5%, as concern about the European economy and upcoming U.S. corporate earnings reports sent the Dow Jones industrials to its biggest loss in more than three months. The IMF added to bearish sentiment today as …
Stumbling Lower; Domestic TTI Remains On The Plus Side
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets turned into a black diamond ski slope with only one way to go: Lower. The major indexes all surrendered some of their yearly gains with XLY, last year’s big winner, actually dipping into the negative YTD. Today’s downside acceleration confirmed yesterday’s international Sell signal, with the International Trend Tracking Index …
Mixed Emotions
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The major indexes appeared to meander aimlessly with the Dow and Nasdaq edging slightly higher while the S&P 500 dropped late in the session to post a minor loss. After breaking major milestones last week, the market looked a little tired as volume slowed down during this Holiday shortened week, which can …
The German Surplus And Some Insight Into An Overlooked ETF Segment
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Wall Street closed in the red on Wednesday as traders responded to slightly more hawkish-than-expected minutes from the Federal Reserve. Many members of the Federal Reserve’s policy-setting committee said they could see the central bank trimming its $85-billion-a-month bond-buying program at ‘one of its next few meetings,’ minutes from the October meeting …
ETFs On The Cutline – Updated through 6/17/2011
With the International Trend Tracking Index (TTI) having signaled a ‘Sell’ last Wednesday, can the domestic TTI be far behind? Judging by the action around the current ETF Cutline report, only a substantial rebound with legs may be able to stem the slide and reinstate upward momentum. Since the last report, several additional major indexes have slid below their long …