ETF Tracker StatSheet You can view the latest version here. WHEN BAD NEWS IS GOOD NEWS [Chart courtesy of MarketWatch.com] Moving the markets The eagerly awaited May jobs report surprised us with another “miss,” but it was not as dreadful as April’s result. The BLS reported that 559k jobs were added, which was a big improvement from last month’s …
Thriving And Diving
[Chart courtesy of MarketWatch.com] Moving the markets In a repeat performance from yesterday, the major indexes rocketed higher right after the opening but then lost their mojo, headed below their respective unchanged lines but managed to eke out a small gain. The S&P 500 hovers less than 1% from its record high in May and is having trouble breaking through …
Aimless Wandering
[Chart courtesy of MarketWatch.com] Moving the markets Despite a bullish start to open the first day of trading in June, the major indexes lost their early upward momentum throughout the day. The S&P 500 and Nasdaq dropped below their respective unchanged lines, bounced back, but still ended up slightly in the red, while the Dow stayed in the green. In …
ETF Tracker Newsletter For May 28, 2021
ETF Tracker StatSheet You can view the latest version here. S&P 500 NOTCHES A 4TH STRAIGHT WINNING MONTH [Chart courtesy of MarketWatch.com] Moving the markets As we’ve seen before, an early bounce hit the skids mid-day and accelerated towards the end, however, the major indexes managed to eke out a green close with the S&P 500 scoring its 4th …
Battling For Altitude
[Chart courtesy of MarketWatch.com] Moving the markets After an early rally, the major indexes spent the remainder of the session struggling to maintain their gains but were not able to with prices slipping and the Nasdaq dipping into the red. However, the Dow and S&P 500 were able to advance modestly. Better-than-expected Initial Jobless Claims provided the ammunition for the …
Clinging To The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early bounce, much of the gains were given back during the session with only the Nasdaq staying solidly in the green, while the other two major indexes clung to their respective unchanged lines. The theme remained the same as those stocks, which are closely connected to the economic reopening, benefitted the …