[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks dwindled around breakeven for most of the day, but finished strong led by Internet stocks and mixed M&A success. All the major indexes closed higher as the chart above shows. In M&A news, AstraZeneca (AZN) rejected yet another takeover bid from Pfizer (PFE). AstraZeneca rejected a revised £69 billion ($116 billion) …
ETF/No Load Fund Tracker Newsletter For May 16, 2014
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2014/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05152014/ ———————————————————— Market Commentary Friday, May 16, 2014 GOING NOWHERE [Chart courtesy of MarketWatch.com] 1. Moving The Markets This was the week in which the S&P 500 attempted to break through its psychologically important 1,900 milestone marker. We came close on Monday and Tuesday before …
A Mixed Bag Of Data Whacks The Bulls
[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a one-two punch based on disappointing earnings and a mixed bag of data that sent the bulls to the mat, at least for the time being. All major indexes lost as the intra-day chart above shows. Despite the manufacturing index coming in better than expected and a reduced number of …
Bouncing Off The Glass Ceiling
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Clearly, the markets were taking a breather today, after the S&P’s attempt to pierce the 1,900 level, not just on an intra-day basis, did not materialize. While the benchmark had been trending sideways for this month, let’s not forget that it has been on a 4.5% rebound spree since its low on …
Markets Continue Up, Except For Our Good Friend The Nasdaq; A Glance At Gold
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 and the Dow both edged to new highs again today, while the Nasdaq resumed its oh too familiar slide. Cisco Systems Inc (CSCO), which is set to report its quarterly earnings results on Wednesday, was the biggest drag on the Nasdaq. The stock slid 1.4%. It was a big …
Markets Swing Back Into Positive Territory On Fruitful Monday
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The stock market returned to record levels today as investors regained their appetite for riskier stocks. All major indexes gained, as the intra day chart above shows. Internet stocks, which have taken quite a beating over the past month, pulled a turnaround, with Twitter (TWTR) and Facebook (FB) at the top of …