ETF School: GSG Price Spike
Here is an example of why it is prudent to use limit orders on most ETFs and ETNs. The iShares S&P GSCI Commodity-Indexed Trust (GSG) was trading calmly at $26.15 around 9:25am (CDT) this morning. A minute later, a flurry of buy orders hit. Apparently, they were all “at the market”...
Pairs Trading the Consumer: Long WMT – Short JWN
Part of our job at Invest With An Edge is to give you some useful investing ideas you may not hear about on CNBC or see online. Whether we repeat trading mantras like the “January Effect” or discuss more obscure tactics, we aim to educate. Today we will review a method many sophisticated...
Psst – iShares for Sale; Ned, You Listening?
Barclays PLC, the London-based financial conglomerate, is seeking a buyer for its San Francisco-based iShares unit. iShares, an ETF juggernaut, has approximately $300 Billion under management. This division is officially a unit of Baclays Global Investors, a shop with over $1.5 Trillion under management....
SPA Announces Closure of Six ETFs
SPA threw in the towel on its six existing ETFs today while simultaneously declaring that they might be back. Using surprisingly frank language, the SPA ETFs Board of Trustees said it has “determined current market conditions are unsuitable for a long-only equity investment strategy, such as...
Obama Flip-Flops On The Economy
You didn’t have to follow NBC’s The West Wing to know the power of messaging in politics. Follow news from our nation’s capital and you soon learn that truth matters less than how people perceive the truth. In Washington, some politicians almost create new realities with the stories...
The Amazing Disappearing Billionaire
According to Forbes magazine, which diligently monitors these things, nearly a third of the world’s billionaires have disappeared since last year. The people aren’t gone, just their money. Or at least enough of it to put them back in the company of mere centimillionaires, those with a...
Credit Suisse to Delist But Not Liquidate Three ETNs
Credit Suisse (CS) announced its intent to delist three of its ELEMENTS brand ETN products. The last day of trading is expected to be “on or about” April 3, 2009. The affected securities are: Elements MLCX Gold Index ETN (GOE) Elements MLCX Livestock Index ETN (LSO) Elements MLCX Precious...
Three Times The Action: Direxion Shares
Every week we review what we think are good portfolio ideas. As you know, lately it’s been hard to find something worth your attention. This may be the most difficult financial situation you’ll see in your lifetime. Being able to navigate these waters is crucial to your investment survival. So...
Launch of SPDR Barclays Capital Long Term Credit Bond ETF (LWC)
So far, 2009 is turning into the “Year of the Bond ETF” with half of all new product launches being bond ETFs. SPDR Barclays Capital Long Term Credit Bond ETF (LWC) began trading today. Its sponsor, State Street Global Advisors, claims that it is the longest duration credit bond ETF available. ...
AAII Sentiment – Bearish Tilt At All Time High
Computerized Investing (a newsletter from the American Association of Individual Investors) released their March 5, 2009 sentiment survey results yesterday, just in time for a huge counter-trend rally! This week’s survey results saw bullish sentiment fall to 18.92%, below its long-term average of...
