[Chart courtesy of MarketWatch.com] Moving the markets The Dow managed to squeeze out a tiny gain for the 9th day in a row, but the rest of the market was not so lucky. The S&P 500 fell, and the Nasdaq took a big hit. Johnson & Johnson’s strong earnings helped the Dow, but there was no sign of a short …
Dow Ignores Goldman Sachs Flop, Rises For Eighth Day With Short Squeeze Help
Moving the markets The Dow Jones Industrial Average had another good day on Wednesday, rising for the eighth day in a row with some help from the short squeeze crowd. That’s the longest streak of gains since September 2019, as investors celebrate the strong earnings season, ignoring the fact that the expectations were low to begin with. The Dow didn’t …
Gold Shines as Stocks Rally on Strong Earnings and “Goldilocks” Economy
[Chart courtesy of MarketWatch.com] Moving the markets Bank stocks BoA and NY Mellon beat earnings expectations and lifted the market mood, while the short squeeze craze fizzled out. Morgan Stanley and PNC Financial also impressed investors with strong results, especially in wealth management for Morgan Stanley. According to FactSet, the earnings season is off to a flying start with 84% …
Stocks Rally Despite Earnings Gloom and Fed Silence
[Chart courtesy of MarketWatch.com] Moving the markets The bulls were in charge as the market awaited earnings reports from big banks like BofA, Morgan Stanley and Goldman Sachs. The major indexes ended the day in positive territory, thanks to another round of short squeezing. Even tech giants like Apple, Tesla and JPMorgan saw their shares rise, despite the gloomy outlook …
ETFs On The Cutline – Updated Through 07/14/2023
Do you want to know which ETFs are hot and which ones are not? Then you need my High-Volume ETF Cutline report. It tells you how close or far each of the 311 ETFs I follow is from its long-term trend line (39-week SMA). These are the ETFs that trade more than $5 million a day, so they are not …
ETF Tracker Newsletter For July 14, 2023
ETF Tracker StatSheet You can view the latest version here. DOW CLINGS TO GAINS AS EARNINGS SEASON BEGINS [Chart courtesy of MarketWatch.com] Moving the markets The Dow managed to squeeze out another positive close, thanks to strong bank earnings that beat the low bar set by analysts. The S&P 500 and Nasdaq started off strong, but lost steam and …