Back-and-forth trading has been a dominant theme over the past week as selling pressures from the end of September have spilled over into October and are paving quite a volatile road for major equity indexes. The release of the Fed minutes on Wednesday served as fuel for the massive rally seen across Wall Street, and just like that profit taking pressures erased all of those gains on Thursday as the S&P 500 failed to rebound off the 1,930 level like many technicians were hoping for [see also Renaissance Launches International IPO ETF (IPOS)].
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Bearish pressures remained the dominant force on Wall Street for the past week as disappointing economic data releases failed to entice dip-buyers. Investors remained hesitant to re-enter despite the pullback, given looming geopolitical risks and worse-than-expected consumer confidence, ISM, and construction spending data; further weighing on investors’ confidence is the monthly U.S. employment report slated for […]
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that it is trading below its 200-day and 50-day moving averages, which […]
Major equity indexes swiftly traded lower over the past week thanks to mild profit taking pressures that led to a breach of a significant technical support level for the S&P 500 Index. As the benchmark slid below the 1,980 mark on Thursday, selling pressures accelerated and opened up the doors for the bears. Results were […]
The SPDR Gold Trust (GLD) was in for a wake-up call in 2013. Until that calendar year, the ETF had never suffered an annual loss, only to see 2013 drag the fund down by nearly 30%. GLD has bounced back this year, but investors still appeared to be spooked, as the precious metal ETF continues […]
Major equity indexes traded sideways over the last week, with a slight downward bias amid a generally quiet landscape that saw few data releases and a lack of any major developments. On the home front, the NFIB index came in better-than-expected, offering some encouragement for small businesses. Overseas, geopolitical tensions eased up after it was reported that […]
Major equity indexes traded sideways during the shortened week despite a string of upbeat data releases on the home front. Given the steep rise seen throughout August, most benchmarks struggled to inch higher even after good news hit the street; ISM and construction spending came in above expectations on Tuesday, while upbeat factory orders and […]
While it is fair to say that the ETF industry as a whole has changed the investing world, there are also specific products that have changed the investing world forever. Here, we outline five ETFs that forever changed Wall Street upon their debut.
Major equity indexes enjoyed another week in the green, as buyers prevailed yet again amid easing tensions surrounding Russia and Iraq. On the home front, investors enjoyed a slew of upbeat data from the housing market, while the Fed’s minutes release failed to rattle investors’ confidence like many had anticipated; the home builders’ index, housing […]
Here is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that it is trading above its 200-day and 50-day moving averages, which are […]
Buyers returned to Wall Street as selling pressures from the prior week finally eased off and left the doors open for the bulls once again. Despite a lack of noteworthy developments, easing tensions between Russia and Ukraine have been enough to welcome back the bulls following a round of geopolitical-induced profit taking pressures. On the […]