Walmart Cuts Forecast—Punishes Stocks

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[Chart courtesy of MarketWatch.com] Moving the markets After the close yesterday, Walmart came out and cut its earnings forecast, which pulled all retailers lower in the afterhours trading session, as fears mounted that consumer spending, or rather the lack thereof, will now not be the driver to keep the U.S. out of a recession. That sour mood carried into today’s …

Treading Water

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[Chart courtesy of MarketWatch.com] Moving the markets The major indexes fluttered throughout the session with no clear direction, because traders prepared themselves for the big events later this week. The next 4 trading days will be the busiest, as about one third of the S&P 500 members are scheduled to release their earnings reports. The Fed will be on deck …

ETF Tracker Newsletter For July 22, 2022

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ETF Tracker StatSheet           You can view the latest version here. SLOPPY AND CHOPPY BUT HIGHER ON THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets Despite a choppy and sloppy trading session, which caused the major indexes to surrender some of their recent hard-fought gains, they ended the week in the plus with the S&P 500 advancing around 2.2%. …

Tech Dominates

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[Chart courtesy of MarketWatch.com] Moving the markets Despite and early sell-off, the major indexes found some footing, wobbled all day yet managed to produce another green close for the second straight day. It was a tug-of-war between those traders who were scouring the latest corporate earnings for indications that profits remain on an upward trend, which would support higher stock …

Gambling On A Market Bottom

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[Chart courtesy of MarketWatch.com] Moving the markets After experiencing bobbing, weaving and some head fakes, traders finally stepped up to the plate and put some money on the betting table that markets might have finally found a bottom. Bullish sentiment received some support from strong earnings, which appeared to show that companies are adapting to economic challenges better than feared …

Head Fake!

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[Chart courtesy of MarketWatch.com] Moving the markets After Friday’s rebound, the markets followed through to the upside this morning, as positive earnings by banking powerhouse Goldman Sachs supported the bullish mood. But as we’ve seen many times in the past, sentiment lost steam, and south we went. Contributing to that sudden sour mood was a report from Apple that it …