[Chart courtesy of MarketWatch.com] 1. Moving the Markets Disappointing corporate reports put the major indexes into negative territory right out of the gate and things went south from there. Those living by the old “chiseled-in-stone” rule that bonds will rally if stocks sell off have to do some rethinking if that meme really still holds true when considering the amount …
Energy Sector Pulls Up Wall Street
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes headed higher as energy shares and oil prices proved to be the catalyst to drive the markets. Helping the advance were polls allegedly showing that Hillary Clinton’s lead over Trump widened, at least that’s what MSM was heavily promoting. Clinton’s views are well known and considered to be positive …
ETF Tracker Newsletter For October 7, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10062016/ ———————————————————— Market Commentary SUBDUED JOBS REPORT IS A NON-EVENT [Chart courtesy of MarketWatch.com] 1. Moving the Markets Reaction to the September jobs report was subdued at best as the print came in at a gain of 156k, which was weaker than expected. The theme was the same as in previous months in that part-time jobs …
Uncertainty Reigns In Anticipation Of Jobs Report
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets were definitely mired in uncertainty, as an early sell-off reversed and pulled the major indexes back up close to the unchanged line. As the chart above shows, the S&P traded within a 2 point range for some 4 hours all in anticipation of tomorrow’s jobs numbers. Traders hope that they …
Stocks In Rebound Mode
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Economic data were mixed with ADP reporting that the US economy added 154k jobs in September vs expectations of 165k. The US trade deficit unexpectedly grew in August as imports increased more than exports putting downward pressure on Q3 GDP while factory orders declined for the 22nd straight month. The only bright …
Hawkish Fedspeak Pulls Markets Lower; Precious Metals Get Clobbered
[Chart courtesy of MarketWatch.com] 1. Moving the Markets With no economic data points being published today, trading was extremely choppy with the major indexes vacillating around the unchanged line until bearish sentiment took over. A last hour rebound limited the damage in the S&P to about -0.5%, a very minor pullback given the bubble territory the markets are hovering in. …