[Chart courtesy of MarketWatch.com] The Major Equity Index ETFs continued yesterday’s momentum to close higher with all eyes feasted on tomorrow’s conclusion of the Federal Reserve’s two-day monetary policy meeting. The Dow Jones Industrial Average closed 138 points (0.9%) higher at 15,318, the Standard & Poor’s 500 Index rose 13 points (0.8%) to 1,652, and the Nasdaq Composite added 30 …
Bulls Open The Week Thanks To Positive Data
[Chart courtesy of MarketWatch.com] Buyers came into the market today as the bulls maintain the Fed still has lingering concerns about the economy and won’t say anything to rattle the market when its two-day meeting concludes on Wednesday. However, stocks were rattled by a Financial Times story suggesting that Fed Chairman Bernanke is likely to signal the Fed is close …
ETF/No Load Fund Tracker Newsletter For Friday, June 14, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06132013/ ———————————————————— Market Commentary Friday, June 14, 2013 THEME OF THE WEEK: RED AND VOLATILE The major averages ended in the red after early gains evaporated during the opening hour amid a variety of factors. Traders cautiously await next week’s two-day monetary policy meeting by the …
Domestic Data Returns Stocks Winning Ways
[Chart courtesy of MarketWatch.com] U.S. equity ETFs returned to a more desirable direction today, snapping their first three-day losing streak of the year, as stocks got back to their winning ways in the face of the lingering uncertainty regarding global central bank stimulus and the World Bank delivering a downgraded economic growth outlook. The Dow Jones Industrial Average advanced 181 …
Pull-Back Is Gaining Momentum
[Chart courtesy of MarketWatch.com] Despite an early rally following upbeat European economic data, the major averages were unable to hold their flat lines past the opening 90 minutes, reversed course to close lower for a third-straight trading day. The Standard & Poor’s 500 Index spent the entire day in a steady decline as minor bounces were met with aggressive selling. …
All Red—All Day
[Chart courtesy of MarketWatch.com] Stocks slid in a volatile session today, followed the global concerns surrounding the limits of additional stimulus from central banks from around the world. Major indexes fell more than 1 percent after the open but shaved most of the losses by midday to flirt with positive territory, only for the selling to resume towards the session’s …