[Chart courtesy of MarketWatch.com] Moving the markets For most of the session, the markets engaged in directionless wandering but, as we’ve seen many times in the past, an afternoon ramp pushed the 3 major indexes solidly in the green, while pulling the lagging Nasdaq along for the ride. Two concerns kept the indexes stuck in a range, namely fears that …
Equities Gain But Gold Soars—Buy Signals Triggered
[Chart courtesy of MarketWatch.com] Moving the markets While equities and gold usually diverge, today both gained, but the precious metal put on a superior performance with GLD adding +1.22% vs. the S&P 500s meager +0.17%. After the Nasdaq’s outstanding outing yesterday, the tech sector was due for a time out, and the index surrendered -0.81%. Market sentiment was cheerful after …
The Nasdaq Rules
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the Nasdaq took over and lead the major indexes via a steady ramp to a green close. The Dow barely closed to the upside, while the S&P 500 showed a decent increase, but that one paled compared to the tech sector’s chest pounding 2.51% surge. Much of this …
ETF Tracker Newsletter For July 17, 2020
ETF Tracker StatSheet You can view the latest version here. A VOLATILE WEEK ENDS TO THE UPSIDE [Chart courtesy of MarketWatch.com] Moving the markets Volatility continued today, but in the end the Dow added some 2.5% for the week, the S&P 500 gained around 1%, while the Nasdaq skidded near -1.4% and suffered its worst weekly underperformance relative to …
Chopping And Flopping
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s hard-fought gains vanished in a hurry with bearish sentiment taking over by pulling the major indexes off their lofty levels right after the opening bell. We ended up off the lows but still in the red. Contributing to the drop were mixed corporate earnings and questionable econ data, as well as an …
Bouncing Higher In Choppy Trading
[Chart courtesy of MarketWatch.com] Moving the markets An early ramp ran into resistance with the major indexes pulling back sharply, and the Nasdaq dipping into the red, but a mid-session bounce pulled stocks out of the doldrums and into a green close. Today’s session was a lot choppier than yesterday’s rebound. Supporting the continued bullishness was the Fed’s account of …