[Chart courtesy of MarketWatch.com] 1. Moving the Markets Things looked very dicey for the S&P 500, and the markets in general, as the indexes dropped sharply after the opening. The S&P touched the 2,044 level, which was a break below its widely followed 200-day moving average. A close around the lows of the day may have generated a “Sell” signal …
Equities Pull Back As Outlook For Greece Remains Uncertain
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a roller coaster ride as the major indexes dropped at the open, then managed to climb above the unchanged line before slipping again but rallying into the close. So far, the fallout has been worse in Europe but uncertainty and subsequent volatility may stay with us for a while. Via …
ETF/No Load Fund Tracker Newsletter For July 3, 2015
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2015/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07022015/ ———————————————————— Market Commentary A SECOND STRAIGHT LOSING WEEK [Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a volatile Holiday-shortened week with the major indexes succumbing to the bearish forces again. As I reported the past four days, the culprit was Greece and …
Data Overshadows Greece
[Chart courtesy of MarketWatch.com] 1. Moving the Markets To heck with Greece is what Wall Street muttered today and returned the focus back on domestic economic data. The major indexes managed to build on yesterday’s rebound and closed up higher despite a mid-day pullback. The Greek saga continues to play in the background with its upcoming referendum on Sunday to …
Equities End See-Saw Session On The Plus Side
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After yesterday’s downside debacle, it was only fitting to see some kind of a rebound attempt even though it was not nearly enough to make a dent in the losses the indexes sustained. It was nothing more than a “hope” rally with the latest news out of Greece being vague and non-inspiring …
Major Indexes Drop—Trend Tracking Indexes (TTIs) Remain On The Bullish Side
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Compared to the rest of the world, the domestic indexes held up fairly well as Greece’s negotiations unraveled as its local banks along with their stock market were closed. Nevertheless, the S&P 500 had its worst one-day showing in 2015. It was a bad news day all the way around as Greece’s …