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The Select Sector SPDR Trust, which offers a family of exchange-traded funds (ETFs) that divide the S&P 500 into nine individual sector funds, saw its average monthly assets climb 32 percent, or $10.5 billion, in 2011, further entrenching its position as the largest sector ETF family. Launched in 1998, Read more…
Since the S&P500 definitively broke support in the 1,250′s in early August of 2011 every rally approaching that key level has Read more…
Stoyan Bojinov: Stock markets rebounded higher on Thursday as investors rejoiced over better-than-expected employment data on the home front. U.S. jobless claims fell to 364,000, marking the lowest number of people applying for unemployment benefits since April 2008. Bullish momentum on Wall Read more…
US stock futures point to a higher open on Wall Street, although they have retreated from pre-market highs. Yesterday, initial comments out of the European Summit disappointed investors and sent the market tumbling. Overnight, 23 Euro zone nations agreed to a new inter-governmental treaty on fiscal discipline, but Read more…
Stoyan Bojinov: Direxion laid the groundwork for several new products in a recent SEC proposal, including a handful of sector ETFs as well as an international equity offering. The Boston based issuer detailed plans to potentially ramp up its product lineup with four new 3x leveraged bull-bear pair Read more…
US stock futures are back up near Wednesday’s opening price this morning as investors continue to focus firmly on Italy. Yesterday the Dow dropped almost 400 points as Italian bond yields surged past the 7% mark that is seen as the point of no return. At a time when the country has a lot of debt to refinance, borrowing costs are seen as Read more…
Ron Rowland: It’s easy to get caught up in recent stock market action. Then there are investment advisors who often go to the other extreme, urging their clients to ignore current events and think “long term.” The correct answer is somewhere in between. Read more…
Stoyan Bojinov: Domestic equity indexes finally slipped lower yesterday following a solid three-day rise. Stocks were hit as investors worries over the Euro zone resurfaced, consequently sparking a rally in the gold market. Futures prices for the yellow metal soared over $30, managing to close just around Read more…
The market held in very strong yesterday, bouncing off the most shallow retracement level. When the market doesn’t get even a re-test of secondary support, it is an extremely bullish sign. We outlined the 1187-1195 area in the S&P, and this morning we are back knocking on that 1220 door Read more…
US stock futures point to a lower open on Wall Street Thursday following Wednesday’s final hour reversal. The market is tracking declines in European markets, with the Stoxx Europe 600 Index dropping 1%. Bulls will look to protect key retracement levels and hold onto gains from the Read more…
Despite signals from the bond market that there is a 60% chance of recession and little more than promises from European leaders that they are just about to fix their debt and banking crisis, investors have gorged themselves for five-days at a smorgasbord of cyclical treats and a Read more…
US stock futures look to be digesting yesterday’s gains on Tuesday morning after all major indices jumped around 3% to start the week. World markets are a bit jittery this morning as Slovakia is set to vote on plans to bolster the European Financial Stability Fund. The country’s Freedom and Solidarity party is expected to abstain from the vote, leaving the government short of votes needed for Read more…
Corey Rosenbloom: What is the broader Sector Rotation Model saying about the current state of the stock market? Let’s take a look from two perspectives: January to October (year to date) and then from the May 2011 peak to present. Read more…
US stock futures point to a higher open Thursday after Germany’s lower house of parliament voted to approve enhanced powers for the European Financial Stability- the Euro Zone’s Bailout fund. Read more…
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