[Chart courtesy of MarketWatch.com] Moving the Markets Despite the major indexes closing at their lows of yesterday’s session, downside follow through was contained, and a rebound rally materialized but faded into the close. Nevertheless, equities managed to squeeze out some modest gains despite a bloodbath in the Brazilian stock market with EWZ getting spanked at the tune of -16.33%. Ouch! …
Window Shoppers Prevail But USDs Still Appreciating
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Shoppers spent less over the Thanksgiving weekend and that weighed on stocks Monday. While they turned out in record numbers in the four days ending Sunday they plunked down less cash than they did last year. It was the first decline in Thanksgiving weekend spending since a retail trade group began tracking …
Europe Worries Pulls Major Market ETFs Lower; VIXY Spikes, EWG Crashes
[Chart courtesy of MarketWatch.com] Major market ETFs posted their second straight loss Monday with all three indexes finishing lower over investors’ concern that Spain may request a full-fledged bailout package, triggering a sell-off and boosting the greenback. The Dow Jones Industrial Average (DJIA) finished off 101 points, or 0.8 percent, recovering from an early near 240-point fall. Within the Dow, …
US Stocks Rise Again On Fed Stimulus Hopes; Will Bernanke Deliver?
[Chart courtesy of MarketWatch.com] US stocks rallied Tuesday, adding more than one percent for the day on hopes of extension of the Operation Twist as the US central bank’s two-day long FOMC meeting started today. Resilient housing data for May boosted sentiments further, pushing US indexes to a five-week high. Treasuries declined after three continuous gain-days amid growing chatters that …
Major Market ETFs In Stall Speed As Concern Over Europe Lingers; VXX Soars, GDXJ Tanks
[Chart courtesy of MarketWatch.com] Wall Street closed flat Tuesday despite surging in early trade as worries over Europe overshadowed upbeat US economic reports. The above chart says it all. The markets turned choppy in the last hour of trading as Dow Jones Newswire reported that former Greek Prime Minister Lucas Papademos has said Greece is preparing to leave the 17-member …
Taking Stock: These Latin American ETFs Are Red Hot; Are They Really A Buy?
The Latin American countries have survived last year’s down-turn rather well and, after little slippages, the growth engines are humming again. The latest IMF report is rather upbeat about the Latin American and Caribbean economies and expects them to pick up pace following a slight slowdown in 2012. You should, however, remember that these economies are heavily dependent on commodity …
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