[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 along with the Dow Industrials kept its upward momentum intact during this last trading day by closing out this year at new record levels. As it stands, the Fed’s decision earlier this month to start tapering was taken as a positive, which helped the indexes to keep the rally …
Investors Optimistic As We Head Into 2014
[Chart courtesy of MarketWatch.com] 1. Moving The Markets After years, in which financial markets lurched from the debt crisis in Europe to U.S. political deadlock, investors are generally becoming more upbeat on the global economic outlook. However, U.S. equity indices closed flat on Monday as light trading heading into the New Year holiday left many market participants on the sidelines …
A Decline In Jobless Claims Equals A Rise In Stock Prices
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Following the theme from last week, domestic equities extended their record run, as the bulls had their way again pushing the major indexes, and our 10 ETFs in the Spotlihgt, into record territory. Throwing an assist and keeping the upward trend alive was the Labor Department’s report, which said that the number …
SPY And DIA Head Into Record Territory
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The Christmas rally continued today with the Dow and S&P 500 eking out another record close during this Holiday-shortened session caused by a positive durable goods orders report. Big ticket items (aircraft and transportation equipment) rose 3.5% vs. an expected 2%. Home prices gained 8.2% in October from the same month last …
Major Indexes Continue To Rally; Dollar Expected To Appreciate In 2014
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stocks climbed on Monday, with the Dow industrials and S&P 500 again closing at records, as Apple and Facebook led a rally in the technology sector and after data showed consumer sentiment at a five-month high and spending up in November. Facebook jumped as the social-networking site’s first day of trading …
Fed Decision Not Ideal For Gold
[Chart courtesy of MarketWatch.com] 1. Moving The Markets U.S. stock indexes ended up pretty much where they started on Thursday, a day after a powerful surge. It seems financial markets were still digesting the Fed’s move on Thursday. While stocks were holding close to record levels, Treasury yields climbed, the dollar rose and gold slumped to its lowest in more …