[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks slipped today as traders digested the decision by the ECB to keep interest rates unchanged and looked for fresh catalysts, as in more Fed stimulus, to propel the market higher. As analysts had expected, the European Central Bank decided to keep its key deposit rate unchanged at -0.4%, but also …
Nintendo Nudges Nasdaq Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mixed today, but the Nasdaq notched another record closing high after the big Apple “unveiling” event, in which the gadget maker revealed the latest version of its popular iPhone, the iPhone 7. While all the spec upgrades are tempting, the real winner today was Nintendo (NTDOY). Apparently, Nintendo plans to release a version of …
Horrific Economic Data = Higher Stock Prices
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks remained in positive territory today, even after the weakest reading on the services sector of the economy in six years, as traders returned from the long holiday weekend. It seems that Wall Street is still digesting Friday’s August jobs report (which most investors say will keep the Federal Reserve from hiking …
ETF Tracker Newsletter For September 2, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/09/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-09012016/ ———————————————————— Market Commentary STOCKS INCH UP ON THE WEEK; SAMSUNG HEARS A PING [Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks ended higher Friday as traders examined a critical monthly report on job growth that could carry implications for Federal Reserve policy. The anticipated jobs report was particularly crucial because the Fed is …
Drop And Pop
[Chart courtesy of MarketWatch.com] 1. Moving the Markets August was a quiet month for the U.S. stock market, with volatility at very low levels. The S&P 500 did not see a day with a change of 1% in either direction the entire month. However, a six-month winning streak was snapped in August for the Dow and, as you may know, …
August Ends With A Whimper
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street shares dipped lower on the final trading day of August, a month that has been void of market scares, as traders look ahead to a key jobs report Friday and a Federal Reserve decision on interest rates in late September. Both the S&P 500 and Dow ended the month basically …