More downside momentum kicked in yesterday, as worries about the progress, or lack thereof, about the U.S. debt ceiling kept traders on edge. Supporting the sour mood were reports from Europe confirming utter confusion about the debt crisis with no clear leadership and/or plans emerging to attack the ever growing problems. Just as last week, many funds have been meandering …
Mutual Funds On The Cutline – Updated as of 7/11/2011 – More Improvements
Yesterday’s drubbing was a direct result of global uncertainties, especially in Europe, but also China’s sharp rise in inflation did nothing to soothe the nerves on Wall Street. Many funds have been meandering around the cutline with no clear direction. While some momentum numbers have improved, the DrawDown figures (DD% column) leave a lot to be desired and are in …
Mutual Funds On The Cutline – Updated as of 7/1/2011
Just like in yesterday’s ETF Cutline report, the rally of the past 5 days pushed many mutual funds out of negative territory, below the cutline, right through the first +20 listings above the cutline. If you track any mutual funds, you know need to consult the weekly StatSheet for the exact location of those you are interested in. Consult the …
Mutual Funds On The Cutline – Updated as of 6/13/2011
Amazingly, the continued sell off pushed all of last week’s equity mutual fund listings off the report and further below the long-term trend line (cutline) to a point where they have slipped below the -20 position. All of them were replaced by new weak equity funds dropping in from a level above the highest featured +20 spot. The number of …
Mutual Funds On The Cutline – Updated as of 5/23/2011
Yesterday’s sell off solidified the positions of bond funds above the cutline, while equity mutual funds succumbed to weakness in the markets. The outlook is not much different from equity ETFs, which I covered yesterday. Last week’s equity weaklings (RYAZX, JAOSX, PRLAX, FAIRX) have now dropped off the cliff below the -20 position. Should the markets regain momentum, they will …
Mutual Funds On The Cutline – Updated as of 5/16/2011
The weakness in the markets, which was apparent in yesterday’s ETF Cutline report, has affected equity mutual funds as well; no surprise there. The mover this past week in the equity arena was JORNX, which dropped in from a level above +20 to occupy the +19 spot. As you can see, all of its momentum numbers are negative and you …