Sign inRecent Commentaries tagged (etfs)
U.S. Dollar Bull Index (UUP) pulls back to support - March 18
After gapping higher on the open, stocks continued building on their initial gains through the first half of the day. By early afternoon, the major indices were trading nearly 1% higher, but selling pressure in the final ninety minutes of trading caused the broad market to surrender...
S&P 500 breaks out to fresh 52-week high...now what?
The Fed, in yesterday's announcement on economic policy, vowed to keep rates low "for an extended period," helping stocks score solid gains across the board. The major indices actually rallied ahead of the afternoon news, showed a bit of volatility immediately thereafter, then cruised higher...
Stock Market: resilience demonstrated as prices spring back from morning losses.
Stock Market: resilience demonstrated as prices spring back from morning losses. Energy Stock Sector Relative Strength Ratio (XLE/SPY) fell below 12-week lows on 3/15/10 and remains bearish. In contrast, absolute price of XLE moved above 7-week highs on 3/12/10 and remains in bullish relative to...
Laying low ahead of the Fed
Throughout the first half of yesterday's session, it looked as though the bears were finally going to have a day in the sun, but the bulls flexed their resilient muscles, enabling stocks to recover and close with mixed results. The Dow Jones Industrial Average edged 0.2% higher and the S&P 500...
Leading Sector ETFs – Reaching New Highs
The NASDAQ100 and NASDAQ Composite closed last week up 85.0% and 87.1%, respectively, from the March 2009 lows and above previous resistance (52 week high). Although the S&P500 managed to break through the previous swing high it closed at 1,149.99, just below that resistance level of 1,150.45, a...
Weekly Top 10 ETF Rankings - March 12, 2010
4-Year Outperformance by the Top 10 Exchange Traded Funds Weekly Rankings of Major Trend Relative Strength My weekly Top 10 ETFs ranked by the Major Trend Relative Strength outperformed the S&P 500 by 113 percentage points since August, 2004, in simulation. Click here for a graph of simulated...
Financial ETFs finally getting in gear
Stocks gapped higher on the open, sold off to parity shortly thereafter, then flat-lined through the rest of the day. It was a rather uneventful finish to a solid week of gains. Both the S&P 500 and Nasdaq Composite were unchanged, while the Dow Jones Industrial Average edged 0.1% higher. The...
Stock Market: uptrend is persistent and broad based
Stock Market: uptrend is persistent and broad based. Utilities lag. Financial Stock Sector Relative Strength Ratio (XLF/SPY) rose further above 4-month highs. Although XLF/SPY is above both moving averages, the 50 remains below the 200, which is not bullish. Absolute price of XLF moved above...
Consider avoiding this ETF
Yesterday was a session of divergence among the major indices, as the Nasdaq cruised to a solid gain, but the Dow spun its wheels. Impressively scoring its ninth consecutive gain, the Nasdaq Composite rose 0.8%, and also closed at a fresh 52-week high for the fourth straight day. However,...
SPY tests the high, as the VIX tests the low
After a day of tight, sideways consolidation, the major indices finished slightly higher yesterday. However, an intraday tug-of-war between the bulls and bears kept traders on their toes, and caused stocks to finish well off their highs. The broad market opened lower, reversed into firmly higher...
Stalking Gold Miners ETF (GDX) for buy entry
Stocks followed up the previous day's breakout with a session of extremely tight, sideways trading that ended with mixed results. The Nasdaq Composite ticked 0.3% higher, but the Dow Jones Industrial Average slipped 0.1%. Contained within a rather narrow trading range of less than five points,...
Weekly Top 10 ETF Rankings - March 5, 2010
4-Year Outperformance by the Top 10 Exchange Traded Funds Weekly Rankings of Major Trend Relative Strength My weekly Top 10 ETFs ranked by the Major Trend Relative Strength outperformed the S&P 500 by 109 percentage points since August, 2004, in simulation. Click here for a graph of simulated...
Overhead supply at the January 2010 highs
After three days of narrow-ranged, horizontal trading, the major indices gapped sharply higher to close the week at the highest levels since their early February lows. Sparked by a positive reaction to pre-market employment data, stocks jumped out the starting gate, built on their gains through...
Clean Energy ETF (PBW) Breaks Out of Head & Shoulders Bottom
PowerShares Wilderhill Clean Energy Portfolio ETF (PBW) is just starting to break through the neckline of a Head & Shoulders bottom reversal pattern. Neckline resistance was at $9.80 with the target for the pattern at $10.81, or 10.3%. The close of last week was at $9.81. PBW ETF Chart...
Led by Goldman, Securities Broker-Dealer ETF may be ready to break out
The main stock market indexes continued to consolidate in a tight, sideways range for the third straight day yesterday, as a touch of late-day strength enabled stocks to close moderately higher. The Nasdaq Composite and Dow Jones Industrial Average registered matching gains of 0.5%, while the...
