[Chart courtesy of MarketWatch.com] Moving the markets Though the Dow staged a solid rally early in the session, the S&P 500 was barely hanging on to its unchanged line, but the Nasdaq never saw any green numbers. All of this changed mid-day with the major indexes simply losing steam and dumping into the close led by the Nasdaq with a …
Starting 2022 With A Bang
[Chart courtesy of MarketWatch.com] Moving the markets We’re still in the last two days of the peculiar Santa Claus rally, with the major indexes overcoming early weakness and then welcoming the new year with a rally, as the Dow scored another record close. None of this would have been possible without the usual short squeeze, which helped the bullish cause. …
ETF Tracker Newsletter For December 31, 2021
ETF Tracker StatSheet You can view the latest version here. LOSING STEAM [Chart courtesy of MarketWatch.com] Moving the markets The last couple of trading days were marked by low volume and some lack of buying interest, which caused the major indexes to glide into the end of 2021. Still, the markets closed out a very bullish year thanks only …
Keeping The Bullish Meme Intact
[Chart courtesy of MarketWatch.com] Moving the markets Despite the major indexes bouncing around in a narrow trading range, the S&P 500 managed to notch its 70th record close of the year, while the Dow rose for the 6th day in a row. Traders hope to not only end the year on a high note but also that this positive momentum …
Maintaining Momentum
[Chart courtesy of MarketWatch.com] Moving the markets After the recent ramp-a-thon, it was to be expected that the markets would consolidate a little bit, which is exactly what happened today. While the Nasdaq gave back 0.56%, the S&P 500 ended just about unchanged, but the Dow eked out a tiny gain thereby recording its 5th day of advances. However, upward …
The Santa Rally accelerates
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s upward momentum picked up steam today with the bulls clearly being in charge and pushing the major indexes higher with the S&P 500 scoring another record. Despite a surge in Covid cases, the mood remained buoyant, at least in terms of equities, with some analysts expecting no lasting or meaningful Omicron …