Welcome Guest
 
Investors Have Second Thoughts
0
November 19, 2015

 11-19-2015 5-38-03 PM

It seems large Obamacare provider United Health Care (UNH) is having second thoughts about participating in it. It seems even for this insurer are more costly than expected. This, even as the industry itself mostly designed the program.

But they’re not alone as individuals and large companies have seen premiums skyrocket.

11-19-2015 5-38-57 PM

11-19-2015 5-39-19 PMIn markets Wednesday investors seemed also to have some second thoughts as the early rally in the week didn’t find much follow-through.

Economic data showed a positive reading from Leading Indicators (0.06% vs 0.05% expected & prior -0.1%) but this was mostly due to higher interest rates which is counterintuitive for growth. Since then interest rates have stabilized. (I like to use “stabilized” which is kind of an official term used by the Fed and others…snicker.). Meanwhile the Philly Fed Survey was flat.

I thought the article penned by former White House advisor David Stockman (here) offered a different opinion from the mainstream regarding economic conditions and is worth a read.

Market sectors moving higher included: Utilities (XLU), Transports (IYT), Europe (VBK), UK (EWU), Germany (EWG), Emerging Markets (EEM), EAFE (EFA), South Korea (EWY), Taiwan (EWT), Australia (EWA), Canada (EWA), Euro (FXE), Gold (GLD), Silver (SLV), Gold Stocks (GDX), Brazil (EWZ) and Bonds (TLT).

Market sectors moving lower included: Energy (XLE), Healthcare (XLV), Biotech (IBB), Retail (XRT), Regional Banks (KRE), Small Caps (IWM), High Yield (HYG), Crude Oil (USO), and Natural Gas (UNG).

The top ETF daily market movers by percentage change in volume whether rising or falling is available daily.

Volume was quite light and breadth per the WSJ was mixed.

Sign up to become a premium member of the ETF Digest and receive more of our detailed charts with actionable alerts.

You can follow our pithy comments on twitter and like us on facebook.

 11-19-2015 5-40-10 PM

Charts of the Day
  • SPY 5 MINUTE

    SPY  5  MINUTE

  • SPX DAILY

    SPX DAILY

  • SPX WEEKLY

    SPX WEEKLY

  • INDU DAILY

    INDU DAILY

  • INDU WEEKLY

    INDU WEEKLY

  • RUT WEEKLY

    RUT WEEKLY

  • NDX WEEKLY

    NDX WEEKLY

  • XLV WEEKLY

    XLV WEEKLY

  • HYG WEEKLY

    HYG WEEKLY

  • TLT WEEKLY

    TLT WEEKLY

  • UUP WEEKLY

    UUP WEEKLY

  • GLD MONTHLY

    GLD MONTHLY

  • USO MONTHLY

    USO MONTHLY

  • DBB MONTHLY

    DBB MONTHLY

  • EFA WEEKLY

    EFA WEEKLY

  • EEM WEEKLY

    EEM WEEKLY

  • IEV WEEKLY

    IEV WEEKLY

  • NYMO DAILY

    NYMO  DAILY

    The NYMO is a market breadth indicator that is based on the difference between the number of advancing and declining issues on the NYSE. When readings are +60/-60 markets are extended short-term.


     

  • NYSI DAILY

    NYSI DAILY

    The McClellan Summation Index is a long-term version of the McClellan Oscillator. It is a market breadth indicator, and interpretation is similar to that of the McClellan Oscillator, except that it is more suited to major trends. I believe readings of +1000/-1000 reveal markets as much extended.


     

 

 

The last two weeks have featured two nearly -200 point & two +200 point trading days. This doesn’t give anyone save the HFTs reason to pause.

I was headline reading, this like others caught my eye: “Stocks Rally as Investors Brace For Possible Rate Hike” (WSJ). That’s about as contradictory a headline as you might expect given common historical experience. It seems even the WSJ now loves big brother.

As to the Fed, they’ve become desperate to raise interest rates signaling they’ve left their “emergency monetary policies” around too long—maybe at least a few years so.

Let’s see what happens. 

...

Headshot David Fry xsmall

Dave Fry is founder and publisher of ETF Digest and has been covering U.S. and global ETFs since 2001.  ETF Digest is listed as #16 in the Top 50 Investing Blogs and named one of the most informative ETF websites in the 10th Annual Global ETF Awards.



Archives
Disclaimer

ETF Digest™
 

Disclaimer: The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell only any security. Market sectors and related ETF's are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotation's aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com

 

ETF Digest