Thomas Carreno: Yesterday’s action in the market was the clincher. The charts up until 2:15pm yesterday were lined up for a big drop and that is exactly what happened irrespective of the Fed nonsense. Read more…
NYSE:FAZ, SDS, SPXU, SSO, TZA
Chris Vermeulen: What a trading session Wednesday was with the FOMC meeting and the FED coming out leaving the Fed Funds Rate unchanged at 0.25% and saying the economy is looking weak and will not likely to get better any time soon. Read more…
NYSE:GLD, SPY, TBT, USO, UUP
US stock futures are pointing to a sharply lower open this morning following yesterday’s afternoon plunge. S&P futures are currently down about 16 handles as European markets took the cue from the Read more…
OIH, TLT, XLB, XLF
Kerri Shannon: With ”Operation Twist,” U.S. Federal Reserve policymakers are attempting to use an old strategy to launch a new attack on the wheezing U.S. economy. Read more…
NYSE:DIA, SPY, TBT, TLT
Chris Ciovacco: There are numerous fundamental and technical reasons supporting a move below 1,050 on the S&P 500: Read more…
NYSE:GLD, SH, SLV, TLT, VXX
Martin Hutchinson: In the last 10 days, U.S. President Barack Obama has unveiled three distinct deficit-reduction plans to solve the nation’s economic problems. While all three have their good points, each has its own set of problems, too – including the time-consuming political firestorm Read more…
SPY, TBT
Stocks got pelted on a burst of volume into the close yesterday. All five major indices closed down by two percent or more. The small-cap Russell 2000 (NYSE:IWM) and the S&P MidCap 400 led the plunge as they posted losses of 4.0% and 3.8% respectively. The S&P 500 (NYSE:SPY) dropped 2.9% while the Dow Jones Industrial Average Read more…
IYR, NYSE:DBA, SPY
David Fry: Our goal in this profile is to help investors wade through the many competing ETF offerings available. Using our long experience as an ETF publication, and nearly 40 years in the investment business Read more…
NYSE:AGQ, NYSE:DGP, NYSE:DZZ, NYSE:EUO, UCO, ZSL
Todd Shriber: Exchange traded products were in spotlight again last week – and not in a good way – on news that a UBS trader had committed $2.3 billion in unauthorized ETF trades. When the news broke, I knew exactly what the reaction was going to be: Blame the product, in this case ETFs, not the person committing the misdeed. Read more…
IWM, NYSE:DIA, SPY
Kevin Kerr: The rising price of gold (NYSE:GLD) is hardly breaking news; after all it’s been on a parabolic climb for the last several years. However, even though it’s had a meteoric rise, I think we have barely seen the start of just how high the yellow metal will go. Read more…
IAU, NYSE:DZZ, NYSE:GDX, NYSE:GDXJ, NYSE:GLD, SLV
Larry Levinson: Turkey’s lira is continuing to climb in world markets, and is the third-best performing currency against the dollar this year. Read more…
NYSE:EEM, TUR
The Market Neutral Equity ETN (NYSE:CSMN) is the newest addition to Credit Suisse’s suite of alternative ETN products. The lineup targets the “alternatives” segment of investor portfolios by providing liquid access to some of the most popular alternative investment strategies. The CSMN ETN tracks a market neutral strategy Read more…
FUND LAUNCH, NYSE:CSMN
Justice Litle: Europe’s sovereign debt crisis is equal parts tragedy and farce.This week the roller coaster continued: Markets panicked over Europe on Monday, only to perk up again on Tuesday. Mr. Market’s response to various items could best be described as manic-depressive. Read more…
NYSE:GDX, NYSE:GLD
BNY Mellon Asset Servicing, the global leader in investment services, has been selected to provide exchange-traded fund (ETF) services, fund accounting, fund administration, global custody, securities lending and transfer agency services for three Teucrium commodity funds Read more…
NYSE:CANE, SOYB, WEAT
The Board of Trustees of the Direxion Shares ETF Trust, based upon the recommendation of Rafferty Asset Management, LLC, the Trust’s adviser, has decided to close the Direxion Read more…
NYSE:FLYX
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