[Chart courtesy of MarketWatch.com] Moving the Markets Despite another roller coaster ride, the Dow was the only one of the three major indexes that not only “survived” the mid-day sell-off but also registered another record high. The tech arena was not so lucky and, after a tremendous run in the recent past, had to accept the fact that nothing goes …
VIX Crashed And Dollar Bashed
[Chart courtesy of MarketWatch.com] Moving the Markets The widely anticipated FOMC minutes turned out as expected with the Fed confirming that they plan on continuing their path of higher interest rates this year and also start to sell off its massive holdings of Treasuries and mortgage bonds. The thing they did not say is the timing and magnitude of their …
Scrambling higher
[Chart courtesy of MarketWatch.com] Moving the Markets Today, it was the Dow’s turn to lead the way with the Nasdaq lagging behind, but it still managed to hang on to the plus side despite a last hour sell off. The S&P 500 and the Nasdaq closed at record highs as the VIX was slaughtered again to 9.04 intraday and has …
Broad Weakness Can’t Stop Nasdaq From Setting New Record
[Chart courtesy of MarketWatch.com] Moving the Markets It was a nip and tuck kind of day with a rise in bond yields keeping any equity advances in check as hope prevailed that its impact on stocks would be ephemeral. The yield on the 10-year bond rose 2 basis points to 2.26% after having declined from a recent high of 2.39% …
ETF Tracker Newsletter For July 21, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/07/weekly-statsheet-etf-tracker-newsletter-updated-07202017/ LOWER ON THE DAY BUT HIGHER ON THE WEEK [Chart courtesy of MarketWatch.com] Moving the Markets The major indexes, especially the Nasdaq, made a valiant effort to dig themselves out of an early hole in an attempt to conquer the unchanged line in order to keep the 10 day winning streak alive. Traders were “stunned” when …
Nasdaq Continues Ascent Into Record Territory
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes limped around their respective unchanged lines all day with only the Nasdaq crawling above it and in the process setting another record close (10 up days in a row). Another soft economic data point disappointed as the Philly Fed survey missed expectations and slumped to its lowest point since November …