The shortened 4th of July holiday week begins with warnings from the World Bank, a consumer who would rather save than spend. In what will be a volatile low volume week, we have included some key technical market indicators to look at for your ETF trading.
Ellis Mnyandu, writing for reuters, reports that, “Shares of energy, mining and other natural resource companies were likely to be among the top drags. Before the bell, the Select Sector SPDR Energy ETF (XLE) shed 1.7 percent in light volume. A decline on Wall Street would extend a global sell-off that tripped equity markets in […]
“Supply and demand is a constant issue for all commodities including oil. The current perception is that oil demand will increase with stronger economic activity and that stability within the broader U.S. economy might be on the horizon. The other half of the perception equation is that actual supply of crude seems to be falling. […]
The number of members in the ETF Billion Dollar Club held steady this month at 15, but there are changes in the roster. SPDR Select Sector Energy (XLE) is back in the club after a one-month absence, and iShares MSCI Brazil (EWZ) makes its first appearance of the year. The two funds losing their membership […]
The rally fizzling as much as 5% this week put the dreaded but not unexpected correction into the forefront of the market’s mind. But rather than fret, investors should be filling out their shopping lists. After all, stocks have never moved in a straight line and — more important — the whole point is to […]