[Chart courtesy of MarketWatch.com] Equities managed to close higher for the third consecutive day as good tech earnings lifted investor mood in an otherwise murky day overshadowed by disappointing economic readings. Investor sentiment also strengthened after Germany’s Bundestag voted in favor of a €100 billion bailout package for Spain meant to recapitalize Madrid’s stricken banks. The Dow Jones Industrial Average …
Equities Slide Ahead Of Key Brussels Meeting; EGPT Soars, GREK Sinks
As investors became worried ahead of a key meeting this week in Brussels (rightfully so), and after reports of Greek Finance Minister resigning on health grounds just four days into his job hit the wires, US equities plummeted more than one percent Monday. Moods were soured further after Cyprus became the fifth nation in the single-currency union to seek money …
US Stocks End Lower As Major Market ETFs Lose Six Percent In May; TLT Rises, USO Dips
[Chart courtesy of MarketWatch.com] US stock indexes extended losing their streak Thursday, dropping to their lowest levels since 2010 with the blue-chip Dow halting its winning streak in May. Investor sentiment sank following a report from payroll-services firm ADP that showed US companies added fewer jobs in May than the forecasted 157,000. At 133,000, unemployment rate is expected to remain …
ETFs Stay Relatively Calm, But That May Change Very Soon
[Chart courtesy of MarketWatch.com] Markets appeared to be in the gray zone today, finishing modestly on the upside after an initial dip. The S&P 500 went up 0.48% while European indices such as the DAX and CAC 40 hit some road bumps, dropping 0.87% and 1.92%, respectively. Also, Asian equity markets finished on the downside. Despite recent hyperactivity in the …
High Volume ETFs On The Cutline – Updated Through 5/11/2011
Here’s the latest update of the High Volume ETFs, which are hovering within 20 positions below and above their cutline (trend line). High Volume (HV) ETFs are defined as those with an average daily volume of $10 million or higher. These ETFs are generated from my selected list of 90 that I use in my advisor practice. It cuts out …
USO Underperforms Benchmark
With oil having come off its highs, the performance, or lack thereof, of the United States Oil Fund (USO) has raised some eyebrows, as the WSJ (subscription required) reports in “The Sum of Oil Fears:” The United States Oil Fund, ticker USO, remains one of Wall Street’s most popular vehicles for betting on oil prices. The exchange-traded fund, which invests …