ETF/No Load Fund Tracker StatSheet
THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS:
A NON-EVENTFUL WEEK WITH A VOLATILE ONE AHEAD
[Chart courtesy of MarketWatch.com]
1. Moving the Markets
It was a slow week with no market moving events as the Thanksgiving Day and the short session on Friday combined to reduce momentum in either direction causing the S&P 500 a 1 point gain since last Friday.
However, next week could be a different story. There may be some fallout from the Chinese stock market, which took a beating at the tune of -5.5% in one day as authorities cracked down on big brokers and pretty much anyone that dared to short the market.
Next Thursday, the ECB is having another powwow with investors hoping for more monetary easing to keep the stock markets hopping. On Friday, the OPECers will decide as to whether they will hold the supply levels firm or make adjustments to control the current weak prices.
Then we’re on to the monthly jobs report, which may be one of the most eagerly awaited pieces of economic news as it is the last one before the Fed meets to decide the future fate of interest rates. It could be a volatile week and may very well push our Domestic Trend Tracking Index (TTI) out of its tight trading range either further back into bearish territory or may with renewed vigor generate a new “Buy” signal.
8 of our 10 ETFs in the Spotlight closed up today to end this Holiday shortened week about unchanged. Leading the group were the Consumer Staples (XLP) with +0.38%; on the downside, Consumer Discretionaries (XLY) gave back the most by losing -0.37%.