Indications of a deal to raise the debt ceiling had the futures market soaring prior to Monday’s opening. Well, the euphoric rebound actually happened, but it turned out to be short lived, as the major market ETFs staged a 180 degree reversal, only seen 10 times since 1985, and a steep sell off ensued. It was simply a violent display …
Expanded ETF Master Cutline List – Updated through 7/29/2011
With the markets having sustained losses for 5 straight days, it’s no surprise that the number of ETFs hovering above the cutline has been severely reduced from the prior report. This week, there are 188 ETFs listed above the cutline (down from 321) and 208 below it (up from 75), which is a clear indication of a change in market …