[Chart courtesy of MarketWatch.com] US stocks rallied Thursday after European Central Bank President Mario Draghi said in London the central bank will do whatever is required to preserve the euro, boosting investor sentiment. The timing of his announcement was perfect, as there was no opposing view with German chancellor Merkel having gone on vacation, which may make the effect on …
Riding The Range: US Indexes End Mostly Lower On Weak Earnings; IGN Jumps
[Chart courtesy of MarketWatch.com] US market indexes finished mostly lower today with the Dow Industrials snapping its three-day long losing streak and held up by gains of AT&T and Boeing, while the S&P 500 tanked for the fourth straight session, and the tech-heavy NASDAQ tripped by biggest-component Apple’s rare earnings miss. The Dow Jones Industrial Average (DJIA) closed 59 points …
US Equites Head South As Greece Takes Center Stage Again; VIXY Vaults, EWP Sinks
[Chart courtesy of MarketWatch.com] US equities headed south again, extending losses for the third straight day amid fresh concerns over Greece at a time when its bigger neighbors Spain and Italy are clearly heading for trouble. The “troika” of the International Monetary Fund, the European Council and the European Central Bank reached Athens amid speculations that the country will miss …
Europe Worries Pulls Major Market ETFs Lower; VIXY Spikes, EWG Crashes
[Chart courtesy of MarketWatch.com] Major market ETFs posted their second straight loss Monday with all three indexes finishing lower over investors’ concern that Spain may request a full-fledged bailout package, triggering a sell-off and boosting the greenback. The Dow Jones Industrial Average (DJIA) finished off 101 points, or 0.8 percent, recovering from an early near 240-point fall. Within the Dow, …
ETF/No Load Fund Tracker Newsletter For Friday, July 20, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07192012/ ———————————————————— Market Commentary Friday, July 20, 2012 US STOCKS SNAP THREE-DAY WINNING STREAK AS SPAIN MOVES ONTO THE BAILOUT MENU; VIXY LEAPS, EWP CRASHES Domestic equities snapped its three-day winning streak to close lower Friday on reports of record high 10-year Spanish bond yields …
Upward Momentum Slows But Equities Eke Out A Gain On Tech Earnings; USO Pops, VIXY Drops
[Chart courtesy of MarketWatch.com] Equities managed to close higher for the third consecutive day as good tech earnings lifted investor mood in an otherwise murky day overshadowed by disappointing economic readings. Investor sentiment also strengthened after Germany’s Bundestag voted in favor of a €100 billion bailout package for Spain meant to recapitalize Madrid’s stricken banks. The Dow Jones Industrial Average …