Posts filed under “Index/ETFs”

S&P500: Better than BRICs!

Fascinating stuff:  Of all the lousy bourses, the SPX (White line below) is the least lousiest!

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click for bigger chart
Sp_pulls_ahead_of_brics

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Here’s an excerpt:

"U.S. stocks pulled ahead of Brazil, Russia, India and China this week for the first time in 2008, spurred by the Federal Reserve’s efforts to cut borrowing costs even as the biggest developing countries are raising theirs.

The CHART OF THE DAY shows the S&P 500′s 12 percent loss this year leaves it ahead of Brazil’s Bovespa Index, whose drop through last week had been the smallest of the five countries. The U.S. equity benchmark claimed the lead after banks rallied 22 percent and the steepest monthly retreat in commodity prices sent the Bovespa into a bear market.

The Bombay Stock Exchange’s Sensitive Index dropped 25 percent in 2008 through yesterday, China’s CSI 300 Index decreased 54 percent and Russia’s benchmark RTS Index fell 21 percent. Brazil’s Bovespa has lost 15 percent this year."

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Hat tip Paul K!

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Source:
Money on the Move’ to U.S. Stocks: Chart of the Day
Eric Martin
Bloomberg, Aug. 13  2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=apfY_7gDF74o

Category: Index/ETFs, Investing, Markets, Trading

When Does GM Get Kicked Out of the Dow, part II

Category: Financial Press, Index/ETFs

Barron’s Asks: Bear Market Rally?

Category: Index/ETFs, Technical Analysis, Trading

Odd Data Point: Tech Passes Finance in SPX

Category: Earnings, Finance, Index/ETFs, Markets, Valuation

Updating the Dow (top ticking Energy?)

The editors at DJ have made a few changes to the venerable index: Out are Honeywell (HON) — which I have owned since the GE deal fell apart, and Altria (MO) which I sill have a small position in from the late litigation era.

In are Chevron (CVX) and Bank of America (BAC), which I don’t. The charts  of the buy and sell signals below are rather interesting.

The adds of Intel (INTC) and Microsoft (MSFT) late in 1999 top ticked the tech boom. Will the Chevron add do the same for energy?

Here’s the WSJ:

"Dow Jones & Co. announced that Bank of America Corp. and Chevron Corp. will replace Altria Group Inc. and Honeywell International Inc. in its benchmark Dow Jones Industrial Average effective Feb. 19.

The change is the first in four years and reflects the index’s continued shift away from industrial firms and into other sectors such as energy and financial services.

Excluding thinly traded Berkshire Hathaway Inc., Bank of America and Chevron are the two biggest U.S. companies by market capitalization which currently aren’t in the Dow industrials."

Interestingly, I noticed our ratings on both drops were "Neutrals"; the adds were split: BAC was a buy, CVX was a sell . . . charts after the jump.

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Category: Index/ETFs, Markets, Technical Analysis

Russell Indices Rebalance Today

Category: Index/ETFs, Investing, Trading

Crude Remains Strong Despite Inventory Build

Category: Commodities, Energy, Index/ETFs, Psychology, War/Defense

Looking at the S&P500 (Relatively)

Category: Commodities, Currency, Index/ETFs, Investing, Markets

Which is Performing Better, the Dow or the S&P500 ?

Category: Data Analysis, Index/ETFs, Investing, Markets

Index Gains Distribution

Category: Index/ETFs, Investing, Markets, Technical Analysis