Last Hour Lift-A-Thon Saves The Day; Europe Turns Lower

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[Chart courtesy of MarketWatch.com] US market indexes staged a late-session comeback Monday that erased early losses to end marginally higher after the technology sector rallied to lift major equity averages. It was the usual afternoon lift-a-thon we have become accustomed to witness now that the Fed is officially in charge of stock market direction. Following last week’s steep losses after …

Jobs Data Disappoints While Google Weighs On Equities; Europe Hits 16-Month High

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[Chart courtesy of MarketWatch.com] US stocks turned lower Thursday falling for the first time this week as tech giant Google missed earnings target highlighting the storm brewing in the tech sector while a rise in weekly jobless rate eclipsed upbeat manufacturing data. The mood went sour after a Labor Department showed initial jobless claims jumped 46,000 to 388,000, reversing a …

ETF/No Load Fund Tracker Newsletter For Friday, October 5, 2012

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ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/10/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-10042012/ ———————————————————— Market Commentary Friday, October 5, 2012 US RALLY LOSES STEAM AS JOBS DRIVEN ADVANCE FADES; EUROPE HEADS HIGHER ON US JOBS REPORT US equities closed mixed Friday, but posted weekly gains after initial euphoria over a significant drop in US unemployment rate faded, …

ECB Invokes ‘Desperate’ Measures; Market Goes Into Mania Mode

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[Chart courtesy of MarketWatch.com] Boosted by European Central Bank President Mario Draghi’s announcement of an open-ended bond purchase scheme aimed at bringing down Spanish and Italian borrowing costs, US stocks broke-out Thursday to finish on a multi-year high even as the bank chief made good of his earlier pledge to preserve the common currency at any cost. Countries must seek …

Going Nowhere In A Hurry Ahead Of Bernanke Speech; Draghi Skips Jackson Hole Citing Work

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[Chart courtesy of MarketWatch.com] US blue-chip stocks closed lower Tuesday while the NASDAQ composite finished in the green to extend gains for the second straight session as investors cheered better-than-expected housing data even as consumer confidence plummeted ahead of a potentially market-moving speech by the US Fed chairman later this week. The S&P/Case-Shiller index that surveys home price across 20 …

Markets Drift Lower On Indecision; Europe Rises On Tech And Banks

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[Chart courtesy of MarketWatch.com] US blue-chip indexes closed lower while tech-stocks jumped as investors remained undecided ahead of Federal Reserve chairman Ben Bernanke’s speech in a global banking symposium later this week. The Dow Jones Industrial Average (DJIA) lost 0.3 percent after the blue-chip index’s breadth turned negative with 20 of the 30 stocks closing lower. The S&P 500 Index …