Equities Whip-saw And Edge Down As Fed Extends Operation Twist; EWP Rises, VIXY Sinks

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[Chart courtesy of MarketWatch.com] Equities see-sawed and edged lower Wednesday as the Federal Reserve extended its much anticipated Operation Twist program but stopped short of initiating a more aggressive direct bonds purchase program, which was the exact possibility I discussed in last night’s post. As the chart above shows, the major indexes went on a wild ride, but held up …

Equities Rise On Fed Stimulus Hopes; TAN Soars, VXX Drops

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[Chart courtesy of MarketWatch.com] Domestic equities surged more than one percent Tuesday, wiping off losses suffered Monday, as investors took a cue from Europe’s peripheral markets after Spanish bonds came off Euro-era record highs on speculation the Federal Reserve and other central banks will restart asset purchase programs. Sure, we’ve heard that one before resulting in very short-term effects. Treasuries …

US Equity ETFs Suffer Delayed Fall On Weak Jobs Data; VXX Rises For The Fifth Day While GAZ Slips

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[Chart courtesy of MarketWatch.com] Following the government’s nonfarm payrolls report on Friday that showed companies added fewer jobs than forecast, US stocks suffered their biggest loss in over a month on Monday, reacting on the first trading day since the report was published last week. Analysts however, attributed Monday’s pull-back to profit booking by investors, pointing out average monthly job-addition …