ETF Tracker StatSheet You can view the latest version here. PUKING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s pump and dump session, during which the Dow jumped to a 300-point lead early on, only to see those gains wiped out, with the index closing with a loss of almost 370 points. That bearish momentum …
Signs Of Lethargy
[Chart courtesy of MarketWatch.com] Moving the markets While the Dow continued to pump all day, the other two major indexes did not find a driver to participate in the ramp-a-thon and ended the session in the red. The S&P 500 closed just about unchanged while the Nasdaq surrendered 1.22%. The Nasdaq had been struggling all day, which was the result …
Boosted By Earnings
[Chart courtesy of MarketWatch.com] Moving the markets Today was comeback day with the S&P 500, after having fallen for two straight weeks, finally receiving a boost, along with the other major indexes, to end the session in the green. The Nasdaq led the charge with a gain of over 2%. Some analysts contributed this bounce to sentiment and positioning as …
Snaking Aimlessly Along The Unchanged Lines
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes snaked aimlessly above and below their respective unchanged lines without making headway, as ephemeral gains were quickly surrendered with uncertainty about interest rates, while a flood of upcoming earnings reports kept the bulls and bears in check. It was a rollercoaster ride with the 10-year bond yield touching 2.88%, which …
Sliding Into The Easter Weekend
[Chart courtesy of MarketWatch.com] Moving the markets Another early rally bit the dust with the major indexes surrendering morning gains and the S&P 500 and Nasdaq also giving back yesterday’s advances. Added CNBC: The S&P 500 is down 2% for the week on inflation fears as a Tuesday CPI report showed price increases not seen since 1981. The Nasdaq Composite …
Positive Earnings Win Tug-Of-War With Surging Inflation
[Chart courtesy of MarketWatch.com] Moving the markets After three consecutive losing sessions, the major indexes managed to score a win, despite another horrific inflation number, which traders simply overlooked. Some corporate earnings came in better than expected (BlackRock, Fastenal, Delta) with the latter one announcing the return to profitability this quarter. Other airlines, hotel, and travel stocks joined the rebound, …