[Chart courtesy of MarketWatch.com] Moving the markets It sure was a day consisting of mixed reports and, as much as I searched, I could not find a reason that might have supported the early rally. Of course, the latest earnings reports took center stage, but it seemed the disappointing results from McDonalds, Travelers and UPS were overpowering the positive ones. …
Edging Higher; S&P Reclaims The 3,000 Level
[Chart courtesy of MarketWatch.com] Moving the markets The markets edged higher to start the week with Boeing being a drag on the Dow capping the gains by some 100 points. The S&P 500 managed to finally hold above its 3,000 level but is now homing in on overhead resistance lurking at around 3,020. Then index also has failed to close …
ETF Tracker Newsletter For October 18, 2019
ETF Tracker StatSheet You can view the latest version here. GLOBAL GROWTH FEARS STOP BULLISH MOMENTUM [Chart courtesy of MarketWatch.com] Moving the markets This is an early and short version of Friday’s commentary, since I will be tied up this afternoon. The markets are still open and will be for another 3.5 hours. We saw early weakness in part …
S&P 500 Struggles With The 3,000 Level—Brexit Deal Looms
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes edged higher early on, as the S&P500 fought hard to reclaim its 3,000-milestone marker. The index fluctuated all day slightly around that level but ended up slightly below it. Helping the bullish enthusiasm were news of a potential Brexit deal, which turned out to be more of a rumor than …
Trade Optimism Off—Markets Rally
[Chart courtesy of MarketWatch.com] Moving the markets After the “mini trade” deal faded yesterday, today’s news brought into question whether anything was accomplished. Chinese officials essentially confirmed that the progress on the “phase 1” deal may have been a sham. Beijing will make good on the $50 billion of annual agricultural purchases, but only if Washington agrees to remove all …
Trade Deal Scepticism Keeps Markets In Check
[Chart courtesy of MarketWatch.com] Moving the markets After 1-1/2 years of trade negotiations, last Friday’s “mini-deal,” if you can even call it that, cast some more doubt on the substance of what was accomplished. The words “deal” or “substantial” just don’t fit the picture of what some analysts have called nothing more than a “farm package.” China has agreed to …