[Chart courtesy of MarketWatch.com] Moving the Markets It was a tale of two markets with the Dow still pushing into record territory while the Nasdaq tanked and closed below the unchanged line joined by the S&P 500. The Dow’s support came from the banking and energy sector, the latter which was powered by continued strength in oil prices (+2.97%) as …
A Weak Finish After A Solid Month
[Chart courtesy of MarketWatch.com] Moving the Markets Thanks to the Trump post-election rally, the month of November ended up being a positive one, an amazing feat when considering that on election night the futures were way down with the Dow at point being in the negative by almost 900 points. Today, all the glory went to the energy complex (+4.8%) …
A Mixed Bag
[Chart courtesy of MarketWatch.com] Moving the Markets News-wise, it was a mixed bag as health insurers offered an upbeat outlook while a sharp drop in oil prices (-3.87%) pulled down energy shares. The major indexes got off to a good start, faded in the end but managed to close above the unchanged line by a small margin. The steam of …
Trump Pump Hits A Speed Bump
[Chart courtesy of MarketWatch.com] Moving the Markets The smooth three week post-election ride of the major indexes hit a speed bump today with equities notching their worst performance in almost a month. However, that’s sounds worse than it actually was as the S&P 500 and the Nasdaq gave back only around 0.5%, which is hardly earth shaking. The main culprits …
ETF Tracker Newsletter For November 25, 2016
ETF Tracker StatSheet https://theetfbully.com/?p=18121&preview=true Market Commentary Major Indexes Inch Higher During Holiday Shortened Week [Chart courtesy of MarketWatch.com] Moving the Markets There was no letting up this week as the major indexes kept the rally going with the only fly in the ointment being extremely low volume as many traders took off for the Thanksgiving holiday. The S&P 500 managed …
Rebounding Into Thanksgiving
[Chart courtesy of MarketWatch.com] Moving the Markets An early sell-off in the S&P 500 was short lived as Wall Street traders and computer algos stepped in and pushed the index back above its unchanged line eking out another record high as an early holiday present. The industrial sector was the driver behind this rebound boosted by a jump in orders …