[Chart courtesy of MarketWatch.com] Moving the markets It was another roller coaster ride with the indexes vacillating around their unchanged lines. A nice mid-day rally fizzled out and accelerated to the downside in the last hour when dip buyers stepped in to limit the damage. Volatility picked up due to rising interest rates and inflation along with uncertainty ahead of …
ETF Tracker Newsletter For January 26, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/01/weekly-statsheet-etf-tracker-newsletter-updated-01-25-2018/ BEST START TO A YEAR FOR DOW AND S&P 500 SINCE 1987 [Chart courtesy of MarketWatch.com] Moving the markets Another day with solid advances for the major indexes (in the face of a rising VIX) as the Dow, Nasdaq and S&P 500 gained for the 4th week in a row (and 9 for the last 10 for …
Whip-Saw Day Keeps Dow & S&P In The Green
[Chart courtesy of MarketWatch.com] Moving the markets Treasury secretary Mnuchin’s remarks pushed the dollar (UUP) even lower, but in the end, the day was saved by President Trump stepping in with the soothing words that Mnuchin’s statement was taken out of context and a long-term strong dollar policy was still the administration’s goal. This pumped the dollar back up, after …
New Highs for S&P 500 and Nasdaq
[Chart courtesy of MarketWatch.com] Moving the markets Two of the three major indexes stormed into record territory again after upbeat earnings boosted investor sentiment, and the bulls shifted into overdrive ignoring the Dow’s weakness. Helping matters was Netflix’s rally, as it topped the $100 million market cap. Also throwing in an assist was the ending of the government shutdown, although …
Shutdown Ends: Markets Rally
[Chart courtesy of MarketWatch.com] Moving the markets It does not seem to matter what the news is, it’s all good for the markets. Friday’s fear of a looming government shutdown elevated the major indexes into record territory. Today’s announcement that the Senate moved to end the shutdown only 3 days later caused the markets to continue their record setting pace …
Hitting The Pause Button
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes started the day in negative territory, recovered and moved briefly above the unchanged line but then sold off into the close resulting in minor losses. While the Dow managed to hang on to its 26k level, the S&P slipped below its 2,800 milestone and tied the longest stretch in history …