[Chart courtesy of MarketWatch.com] 1. Moving the Markets Coming off a three week losing streak, the stock market kicked off the new week in rally mode as investors eyed more retail earnings, digest news related to corporate deals and await Wednesday’s release of minutes of the Fed’s April meeting. All three major indexes gained at least 1% on the day. …
ETF/No Load Fund Tracker Newsletter For May 13, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05122016/ ———————————————————— Market Commentary MARKETS END WEEK ON A DULL NOTE [Chart courtesy of MarketWatch.com] 1. Moving the Markets Although all 3 major indexes ended in the red, we heard some positive news that retail sales rebounded in April and jumped 1.3% after dropping 0.3% in March. It is the largest rise in 13 …
Treading Water
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a mixed day as the the above intra-day chart of the S&P 500 shows. Dancing above and below its unchanged line and ending 0.02% lower isn’t exactly a sign of a strong bull market. The Nasdaq fared the worst as Apple got clobbered again tumbling to a two-year low producing …
Disney Miss Brings Down Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After posting its biggest daily gain since March 1, the Dow’s upward move did not last too long and the warm fuzzy feeling from yesterday dissipated in a hurry. Hitting the markets today, was the news that Staples (SPLS) decided to bail on its $6.3 billion acquisition of Office Depot (ODP) after …
Volatile Monday; Solid Tuesday!
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After a volatile session to kick off the week Monday, U.S. stocks surged today as Wall Street attempts to gauge the market’s next move amid a recent stall in momentum after a sizable rally off of the lows in February. If you are looking for a reason to support the rally, there …
Markets Remain In Limbo
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The U.S. stock market, currently riding a two-week losing streak amid signs of fading momentum after a big rally off the market lows back in February, kicked off the new week with mixed results and little signs of breaking out to the upside. Oil dropped a bit, there was some news on …