[Chart courtesy of MarketWatch.com] Moving the markets Up—down—sideways—up, and down pretty much describes the journey the major indexes took today with the result being an unchanged outcome. However, the Dow squeezed out a tiny gain of +0.20%, but that move was sufficient for the index to eke out another record closing high. Not even SmallCaps, the winner YTD, were able …
Taking A Time Out
[Chart courtesy of MarketWatch.com] Moving the markets After the relentless march higher over the past 6 trading days, it was time for a pause. That is exactly what we saw today, as the major indexes dropped early on, recovered, and then hung around their respective unchanged lines. Only the Nasdaq was able to eke out a green close, albeit a …
Ramping Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets While spending the day in the green, the major indexes vacillated but managed to find more upward momentum during the last hour of the session and ramped into the close. The gains were solid with the Nasdaq leading the pack with +0.95%, yet it was outperformed by SmallCaps (IWO), showing again who the …
ETF Tracker Newsletter For February 5, 2021
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 markets were back to interpreting bad news as good news for equities. This old meme was brought to the forefront again, as a dismal January payroll report sent the major surging at first with all …
Regaining Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the markets With the benefit of hindsight, yesterday’s stagnant session turned out to be the springboard for today’s advances, during which all three major indexes scored solid gains of more than 1%. Despite last month’s stumble, the S&P 500 has come back with a vengeance and has now scored its 4th positive day in a …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets Even though the S&P 500 closed in the green for its third straight day, upward momentum took a breather with the Nasdaq slipping slightly into the red. An early bounce faded below the unchanged line, but afternoon buying perked up the indexes, however, traders did not show much enthusiasm and tried to digest …