[Chart courtesy of MarketWatch.com] US market indexes finished mostly lower today with the Dow Industrials snapping its three-day long losing streak and held up by gains of AT&T and Boeing, while the S&P 500 tanked for the fourth straight session, and the tech-heavy NASDAQ tripped by biggest-component Apple’s rare earnings miss. The Dow Jones Industrial Average (DJIA) closed 59 points …
Equities Rally As Auto Sales, Factory Orders Robust In June; GDXJ Shines, VIXY Tumbles
[Chart courtesy of MarketWatch.com] Strong factory orders and an increase in auto sales for May pushed US stocks higher Tuesday after closing mixed Monday as investors breathed easy on concerns that the economy is faltering. Of course, as has been the case lately, bad economic news is simply ignored while decent reports provide the fuel for a rally. Go figure. …
Major Indexes Plunge On Bernake Fallout, Economy And Europe; GAZ Floats, GDXJ Crashes
[Chart courtesy of MarketWatch.com] The major index ETFs took the year’s second hardest knock Thursday losing more than two percent as investors ran for safe haven assets amid indications of a global slowdown, while rumors of an impending downgrade of 17 major US banks by Moody’s Analytics added to market concerns. Obviously, disappointment in what the markets perceived as a …
ETF/No Load Fund Tracker Newsletter For Friday, June 1, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05312012/ ———————————————————— Market Commentary Friday, June 1, 2012 QE3 POSSIBILITY GOES UP AS ECONOMY SHOWS SIGNS OF SLOWDOWN; GDXJ SHINES, ITB TUMBLES On the first trading day of June, US stocks plummeted by over 2 percent Friday to register the worst day of 2012 with …
US Stocks Fight Back Clinging To Rumors After Sharp Initial Fall; GLDX Glitters, GAZ Sinks
[Chart courtesy of MarketWatch.com] US stocks fought back in the final hour of trading Wednesday despite witnessing sharp declines with the NASDAQ and the S&P 500 reclaiming the green territory even though the threat of a possible Greece exit continues hang over the markets. If things look desperate, hanging on to the latest rumor can restore momentum as ZeroHedge points …
Major Market ETFs In Stall Speed As Concern Over Europe Lingers; VXX Soars, GDXJ Tanks
[Chart courtesy of MarketWatch.com] Wall Street closed flat Tuesday despite surging in early trade as worries over Europe overshadowed upbeat US economic reports. The above chart says it all. The markets turned choppy in the last hour of trading as Dow Jones Newswire reported that former Greek Prime Minister Lucas Papademos has said Greece is preparing to leave the 17-member …