[Chart courtesy of MarketWatch.com] 1. Moving the Markets I could have been a lot worse, but the major indexes found some footing late in the day and managed to limit the downside damage with the S&P making up more than half of its intra-day losses. But then again, after last week’s nice gains, a pause was in order. Weak economic …
Bulls Extend Market Rally
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The bulls were clearly in charge, and the major indexes managed to build on yesterday’s gains with the S&P 500 pushing through the 2,100 level again by adding another 0.75%. Despite the same old useless jawboning by the Fed about their intentions, or lack thereof, of hiking rates in the fall, traders …
S&P 500 Rises To New Record Before Retreating
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities looked a little tired after the solid run of the past 1-1/2 weeks and ended only slightly changed. The S&P managed to temporarily climb above its old record high (on very meager volume) but was not able to hold the gain and ended up 1 point above the unchanged line. So …
Equities Jump As Greece’s Fallout Appears Contained
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Taking a cue from the European markets, U.S. equities joined the party and moved higher with Greek exit fears subsiding after approval of new austerity programs. Giving an assist to the markets was ECB’s Mario Draghi who commented on their willingness to expand aid to some of the troubled banks. That was …
Violent Greek Protests Pull Down Equities
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Finally, the 4-day winning streak came to an end, but the losses were minor as a late day turnaround caused by violent Greek protests ahead of their parliamentary votes regarding the third bailout package pulled the rug out from initial upward momentum. While we bounced successfully off the session’s lows, it remains …
ETF/No Load Fund Tracker Newsletter For July 10, 2015
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2015/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07092015/ ———————————————————— Market Commentary A VOLATILE WEEK ENDS UNCHANGED [Chart courtesy of MarketWatch.com] 1. Moving the Markets One look at the above 5-day chart tells the entire story. We had huge swings in the market with the S&P 500 sporting a range of 40 points …