Grail Advisors took another stab at the actively-managed ETF space with the launch on January 29 of Grail McDonnell Intermediate Municipal Bond ETF (GMMB) and Grail McDonnell Core Taxable Bond ETF (GMTB) on the NYSE. Both had very light volume in…
Market Direction Summary (01-27-2010)
Dow-30 +41.87 @ 10236.16; S&P 500 +5.33 @ 1097.50; Nasdaq 100 +15.04 @ 1818.90; Russell 2k +6.22 @ 618.38; VIX -1.41 @ 23.14; U.S. Dollar Index +0.24 @ 78.72; 10 Year Tsy Rates +0.14 @ 36.44; Crude Oil -0.86 @…
Stocks failed to capitalize on Wednesday’s strong closing action and sold off sharply during the morning session. All major averages were down 2% or more off the highs of the day by 11:30, having already undercut the prior day’s bullish reversal bar lo…
Grail Advisors is set to begin trading the “Grail McDonnell Intermediate Municipal Bond ETF” (GMMB) tomorrow January 29th. Grail states in the prospectus that the investment objective of this fund is to provide a high level of current tax-exem…
The chart for the US dollar is looking better by the day… currently it sits near mid December highs but looks poised to close slightly above – potentially leading to a chance to break north of this "double top" pattern. 4 separate closes ou…
The markets staged a late rally after the Federal Reserve left interest rates unchanged. In addition, their comments alerted the markets that interest rates would remain at rock bottom levels for the foreseeable future. With interest rates low, stimulu…
After opening near the flat line, stocks traded in a narrow, sideways range ahead of the afternoon Fed announcement on interest rates and economic policy. Upon receiving the anticipated news that rates are expected to remain "exceptionally low for…
The folks at SPDR published a report/marketing piece about several macro themes that could be coming down the pike and how SPDR ETFs fit in to those macro themes. The report was called SPDR ETF Guide To Changing Markets. I tweeted the link yesterday bu…
Even with the month of January now almost over, it’s still not too late to look at how another group of commodity ETFs and ETNs did in the year that just concluded – metals.[Mor…
Throughout the first half of yesterday’s session, stocks tried to build on the previous day’s bounce, but afternoon selling caused the major indices to again finish in negative territory. The blue-chip Dow Jones Industrial Average slipped less than 0.1…