[Chart courtesy of MarketWatch.com] 1. Moving the Markets After its recent hot streak, the Dow Jones industrial average dipped back into correction territory Tuesday as stocks tumbled amid a renewed slump in oil prices and a still uncertain outlook for global growth and U.S. corporate earnings. All major indexes dropped at least 1.1% on the day. Hopes for a near-term oil production cut were dashed today when …
Short Squeeze Continues As Bad News Is Good News
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After posting its best weekly gain in what has been a dismal start to 2016, stocks kicked off the new week in rally mode as investors reacted to rising oil prices and signs of alleged stability in China’s stock market. Well, there really was no stability but the naming of a new regulator …
Win Streak Snaps But Gold Muscles Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fell, capping the Dow’s winning streak at three days as continued volatility in oil prices was offset by a lowered sales outlook from retail giant and Dow component Walmart. For the past three sessions, the market has been volatile like it has been for most of 2016. The only difference is …
Short Covering Continues As Stocks Mount Three Day Win Streak On Oil Surge
[Chart courtesy of MarketWatch.com] 1. Moving the Markets At its low point just a few days ago, the Dow was down about 1,800 points (or 10%) for the year. However, over the past three trading sessions, it has regained over 750 points. Whether the rally marks the end of a painful correction is still to be determined though. One of …
Stocks Power Higher Fueled By Short Covering
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fared well and extended Friday’s short covering rally as traders returned from the long weekend and Wall Street reacted to news that Saudi Arabia, Russia, Qatar and Venezuela have agreed to cap crude production at January levels if other major producers, such as Iraq and Iran, follow suit. Of course, we …
ETF/No Load Fund Tracker Newsletter For February 12, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2016/02/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-02112016/ ———————————————————— Market Commentary EQUITIES AND CRUDE REBOUND SHARPLY BUT END UP DOWN FOR THE WEEK [Chart courtesy of MarketWatch.com] 1. Moving the Markets The wild ride continued on Wall Street as crude oil finally found some footing and sparked a 12% surge on Friday, …