[Chart courtesy of MarketWatch.com] Stocks closed higher Thursday as investors weighed improved reading on the jobs front against slightly disappointing construction spending and manufacturing data. According to the Labor Department, the number of Americans filing first-time claims for unemployment benefits dropped 2,000 to 351,000 last week, the lowest since March 2008. Four-week average now stands lower by 5,500 at 354,000, …
U.S. Stocks Rise With Consumer Confidence, UNG Dips With Oil, SLV Zooms
[Chart courtesy of MarketWatch.com] Soaring consumer confidence and falling oil prices triggered a rally in US stocks as the Dow Jones Industrial Average closed over the psychologically important 13,000 mark for the first time since May ’08. The DJIA ended at 13,005.12, a gain of 0.2 percent, while the S&P 500 added 0.3 percent to close at 1,372.18, its highest …
US Stock Indexes Close Flat, Builder ETFs Rise As Pending Home Sales Near 2-Year High
[Chart courtesy of MarketWatch.com] US stocks closed flat despite the domestic economy showing signs of improvement and Europe appearing less toxic. Early gains for the day, after stronger-than-expected housing data came in, were offset by a pullback in the energy sector. The Dow Jones Industrial Average (DJIA) shed 0.01 percent, to end at 12,982 while the S&P 500 managed to …
ETF Leaders And Laggards – For The Week Ending 11/25/2011
Here is a quick ETF review of the past week’s Leaders and Laggards from my High Volume ETF Master list: Another horrific week, as the major indexes got hammered again with the S&P 500 losing some -4.7% despite the Thanksgiving holiday reducing the actual trading days to four. Europe was front and center again, and the U.S. market was not …
The Biggest Losing ETF Has Finally Made A Bottom
On several occasions, I have posted about the United States Natural Gas Fund (UNG) as having been the biggest losing ETF of the past few years. It recently broke its long-term trend line to the upside by +3.48%, while its momentum numbers have improved and are showing the following results: 4-wk: +8.45% 8-wk: +12.76% 12-wk: +14.71% YTD: -0.42% Performance for …
ETFs On The Cutline – Updated through 5/6/2011
With the equity markets losing steam last week, ETFs around the cutline (trend line) were affected by increased volatility and surprising moves occurred. As I pointed out, you need to look for momentum figures to not only be on the positive side but also show some stability by watching their movement for a week or so. Case in point is …