[Chart courtesy of MarketWatch.com] Moving the markets An initial bounce hit a brick wall and turned into a sudden dive with early gains being eradicated in a hurry. But, as we’ve seen many times before, a late morning rally pulled the major indexes out of a deep hole and pushed them back into the green with the Nasdaq lagging and …
Losing Altitude
[Chart courtesy of MarketWatch.com] Moving the markets The bullish move into July hit a brick wall this Tuesday, as some sense of reality set in, namely that all good things must come to an end, such as the S&P’s 7-day winning streak, even if only on a temporary basis. Such was the case today, as the major indexes took a …
ETF Tracker Newsletter For July 2, 2021
ETF Tracker StatSheet You can view the latest version here. STORMING INTO JULY [Chart courtesy of MarketWatch.com] Moving the markets After the month of June successfully did not validate the adage held my many investors “sell in May and go away,” the major indexes gathered steam and stormed into July setting more records in the process. On deck today …
Maintaining Bullish Momentum
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes continued to vacillate around record territory, as the last day of the month and quarter ended. The Dow took the lead with the S&P 500 lagging and the Nasdaq sinking slightly into the red. For June, the S&P 500 managed to eke out again of some 2.2%, despite having …
Running Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early morning bounce, the Dow and the S&P 500 succumbed to weakness and gave back most of their initial gains and ended essentially unchanged. The Nasdaq went the other way but managed to climb out of a hole to score a modest gain, after swinging wildly late in the session. It …
Fighting For Leadership
[Chart courtesy of MarketWatch.com] Moving the markets The overall market struggled for direction except for the Nasdaq, which started the week strong and pushed the index to another all-time high. The tech sector dominated with Facebook contributing via a 4% jump, after a US court dismissed an antitrust suit against the company. Semiconductors also showed signs of life, while Boeing …