[Chart courtesy of MarketWatch.com] Moving the markets The markets jumped right after the opening bell powered by Boeing’s earnings and better-than-expected results from Apple and Advanced Micro Devices (AMD). However, to put this in proper perspective, only 3 stocks (Boeing, Apple, McDonald’s) are accounting for 250 points in the Dow’s advance. It’s not that the technology darlings showed a superior …
Struggling For Direction While Waiting For The Fed
[Chart courtesy of MarketWatch.com] Moving the markets Not even poor earnings by Harley-Davidson, which dropped some 5%, as well as a collapse in consumer sentiment, with both current and future expectations plunging, could get the attention of Wall Street Traders. As a result, the major indexes struggled for direction with the Dow eking out a small gain, while the Nasdaq …
Earnings Misses Sour Market Mood
[Chart courtesy of MarketWatch.com] Moving the markets We started the day in the red after China set the sour mood by reporting another month of declining industrial profits. Things got worse when Caterpillar (CAT), an economic bellwether conglomerate, missed earnings by a huge margin, its worst performance in 10 years, causing its stock price to decline by -9.13%; a dead …
ETF Tracker Newsletter For January 25, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/01/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-01-24-2019/ MAJOR INDEXES GAIN FOR THE DAY BUT PULL BACK FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets The markets simply ignored Intel’s poor results from yesterday, as optimism about the earnings season kept the bullish theme alive, despite reports that global growth has slowed. While this eventually will affect earnings of multi-national companies, right …
The Battle Between Positives And Negatives
[Chart courtesy of MarketWatch.com] Moving the markets It was another volatile and directionless day with the indexes rallying and selling off depending on negative or positive headlines. We closed mixed with the Dow dropping a tad and the S&P 500 gaining a fraction. The Nasdaq fared better by adding +0.68%, although that may reverse tomorrow, as Intel just announced a …
Bulls And Bears Play Musical Chairs
[Chart courtesy of MarketWatch.com] Moving the markets For a while it seemed that ‘bad news’ is ‘bad news’ again, as an early rebound reversed and sent the major indexes back into the red. After all, with the shutdown continuing, China talks going nowhere, the VIX spiking and GDP warnings of zero percent, the way of least resistance was down. However, …