[Chart courtesy of MarketWatch.com] Moving the Markets Finally, at least for one day, stocks and bonds were correlated again, something we have not seen in a while, and this may be a harbinger of things to come. Bond prices dropped as yields rose and stocks headed south early on, recovered mid-day, but the rally faded into the close leaving the …
Oil Leads Equities With Pump-And-Dump Theme
[Chart courtesy of MarketWatch.com] Moving the Markets Equities started the day on a weak note when oil prices suddenly got pumped to touch the $50/barrel point before being dumped and ending the day down -1.62%. The S&P 500 followed suit but managed to limit its losses to a meager -0.17%. Apple weighed on the overall market and closed down -2.25% …
Earnings Data Wipe Out Yesterday’s Gains
[Chart courtesy of MarketWatch.com] Moving the Markets After a weak opening, the S&P 500 managed to kiss the unchanged line, but it was all downhill from there as stocks slipped from their 2-week highs made yesterday. Not helping matters was the dying Consumer Confidence bounce with the indicator sporting its biggest plunge in 11 months. The US dollar continued its …
Earnings And Acquisitions Support The Indexes
[Chart courtesy of MarketWatch.com] Moving the Markets The S&P touched a two-week high as acquisitions and mergers confirmed to some that, despite hugely elevated market levels, untapped value still exists, although that is clearly in the eye of the beholder. Expected annualized earnings are supposed to have been risen 1.1% last quarter, which is an improvement after four quarters of …
ETFs On The Cutline – Updated Through 10/21/2016
Below please find the latest High Volume ETFs Cutline report, which shows how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 366 High Volume ETFs ETFs, defined as those with an average daily volume of more than …
ETF Tracker Newsletter For October 21, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10202016/ ———————————————————— Market Commentary [Chart courtesy of MarketWatch.com] Moving the Markets The major indexes ended up just about unchanged with the exception of the Nasdaq which eked out at +0.30% gain. Energy and Healthcare fell while Microsoft and McDonald’s kept the markets propped up. Still, questions keep coming up as to whether the lack of pace …