S&P futures are down 23 handles after a bit more subdued action over the last few days. There seemed to be some underlying weakness so far this week, but each time the market has looked in trouble buyers stepped in to save the day. As we have stated all week, now is not a time to get loose and sloppy with your trading. The action is almost entirely headline driven, so it has been very likely that we would get more troubling headlines that Read more…
NYSE:GLD, NYSE:RTH, OIH, SMH, SPY
Chris Ciovacco: In 2009 and 2010, the Federal Reserve was able to reverse sharp declines in asset prices by pumping large amounts of printed money into the global financial system via quantitative easing. With the Fed’s 2011 Jackson Hole speech set to take place on August 26, we recently Read more…
IGE, KOL, NYSE:FCG, NYSE:GLD, SLV, SMH, TLT, XLE
Van Eck announced last week a partnership with Merrill Lynch that may ultimately lead to the conversion of several HOLDRS products to soon-to-be-launched Market Vectors ETFs. As part of the agreement, Van Eck will introduce six new ETFs that maintain the same tickers as the existing Read more…
NYSE:PPH, NYSE:RKH, OIH, SMH
Van Eck Global and Merrill Lynch & Co., a subsidiary of Bank of America Corporation (“Merrill Lynch”), have entered into an agreement relating to Merrill Lynch-sponsored HOLding Depository ReceiptS (“HOLDRS”). Van Eck’s Market Vectors ETF Trust plans to offer investors in six Read more…
NYSE:PPH, NYSE:RKH, NYSE:RTH, OIH, SMH
US stock futures are slightly higher Wednesday as the market looks to work off some of its oversold condition. Markets have been down for 8 straight days now taking us to very-very oversold levels. The technical damage has been adding up since last Wednesday. Some are asking how did this happen? The market did not respond kindly to a deal on the debt ceiling, perhaps trapping traders expecting a bounce on the Read more…
NYSE:GLD, QQQ, QQQQ, SMH, XHB, XLI
In last week’s blog I touched on the macro and geo-political issue concerning the markets: On that front, the main issues continue to weigh down the overall sentiment in the markets. The counterweight to this has been the relative strength seen in various companies and sectors that have high cash positions (Balance Sheet) and improved margins due to cost Read more…
NYSE:GLD, SMH, XLE, XLF, XLK, XLV, XLY, XRT
Thomas Carreno: The S&P 500 (NYSE:SPY) blasted higher today and the PowerShares QQQ ETF (NASDAQ:QQQ) is within inches of a new 52 week high. It is starting to look like the markets are going to break out to new all time highs if they can manage to evolve into breakouts from the head Read more…
NYSE:DIA, QQQ, SMH, SPY, XLF
Thomas Carreno: I am switching back to BOT short signal on the S&P 500 (NYSE:SPY) right now in the afterhours or from the open tomorrow. The tape looks too weak and I am making the conclusion now that the 5 to 7 day super mega rally we had a couple weeks ago was a massive bear Read more…
SDS, SMH, SPY, SSO
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, we can help select those ETFs that matter and may not be repetitive. The result is a more manageable list of issues from which to Read more…
NYSE:FDN, QQQ, QTEC, SMH, XLK
Alex Strashny: While some ETF’s have made good money last week, increasing their expected returns, their risks have gone into unacceptable territory. Read more…
IYR, LQD, NYSE:EWJ, SMH, XLU
Markets are trying to hold onto gains for a second straight session after soaring on strong jobs data from ADP and improving jobless claims numbers, as both data points suggest the US economy could be exiting a recent soft patch. Private-sector jobs in the U.S. rose by 157,000 last month, according to giant Automatic Data Processing (ADP), while new claims for unemployment benefits dropped by 14,000 Read more…
QQQ, QQQQ, SMH, SPY, XRT
Alex Strashny: Recommended funds. Our main recommendation this week is real estate (NYSE:IYR). Its expected return jumped last week as it gained +4.46% in 5 days on slightly higher volume. However, its risk is high and has increased slightly. Because of the high risk in IYR, some Read more…
IBB, IYR, NYSE:EWM, PJP, SMH, XLE, XLU
When the markets began to decline last month, some of the year’s best performing exchange traded funds (ETFs) saw the highest level shorted since 2007. About 10% of total shares outstanding of all domestically traded etfs were Read more…
ICF, SMH, SOXX, XLU, XLV
Alex Strashny: While we still like the strong uptrend in energy (NYSE:XLE), its risk has increased so much that we are reducing our position in it. Though the uptrend goes back to the Fall of 2010, Read more…
IBB, NYSE:EWO, NYSE:EWY, SMH, XLE, XLP
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