[Chart courtesy of MarketWatch.com] 1. Moving the Markets Swinging aimlessly above and below the unchanged line was the theme of the day for the major indexes despite oil shifting into high gear again by gaining 2.3%. There was obvious caution ahead of tomorrow’s Labor report but Treasuries were higher as jobless claims rose while factory orders dropped. Both, the US …
Indexes Make An About Face; Tesla Dissapoints
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks turned the boat around today, which entailed the Dow snapping a seven-session losing streak. The market had lost momentum over the past week, as shares have been weighed down by a fourth straight quarter of negative profit growth for the S&P 500, above-average valuations and a renewed dip in oil prices. …
Dow Slides Again; Oil Closes Below $40 A Barrel
[Chart courtesy of MarketWatch.com] 1. Moving the Markets If you read yesterday’s commentary, you may remember me discussing the possibility that U.S. Crude oil could fall below $40 a barrel. Well, today it happened, which is completely opposite of how analysts were expecting the black gold to perform this summer. Many had pegged $50 per barrel as a mark that …
Mediocre Monday; Uber Hails Ride Back From China
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks were mixed Monday as a two-week period of relative stability in the markets continued despite a sharp slide in oil prices. In Uber news, we heard today that the company is officially “bowing out” of the China market. Uber’s Chinese operations will merge with Beijing-based ride hailing firm Didi Chuxing. …
ETF/No Load Fund Tracker Newsletter For July 29, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07282016/ ———————————————————— Market Commentary DOW FELL EVERY DAY THIS WEEK; GDP SHOCKER [Chart courtesy of MarketWatch.com] 1. Moving the Markets Can the GDP numbers get any worse? Today’s announcement was a real shocker as second quarter GDP clocked in at a miserable 1.0% against expectations of 2.6%. And, to add insult to injury, first …
Dow Falls Four Days Straight
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks pulled back a tad on mixed corporate earnings and falling oil prices as the Dow slipped for a fourth straight day. Oil prices continue to fall with no obvious reason as the price of West Texas Intermediate Oil, the U.S. benchmark, was down 1.96% to close at $41.10 a barrel. Oil …