[Chart courtesy of MarketWatch.com] Moving the Markets Despite another roller coaster ride, the Dow was the only one of the three major indexes that not only “survived” the mid-day sell-off but also registered another record high. The tech arena was not so lucky and, after a tremendous run in the recent past, had to accept the fact that nothing goes …
Dollar Dumps As Nasdaq Jumps
[Chart courtesy of MarketWatch.com] Moving the Markets In a total reversal from yesterday, equities jumped right after the opening bell and never looked back in an attempt to recover Tuesday’s losses, a feat which was largely accomplished with the S&P posting its biggest one-day gain in a couple of months. Economic data points did not assist in today’s ramp as …
Crude Oil Drops Into Bear Market Territory; Pulls Down Equities
[Chart courtesy of MarketWatch.com] Moving the Markets Equities were not able to overcome the spanking that took place in oil patch and energy sector with oil touching the $42 handle and tumbling to the lowest level since last November. The transportation sector was affected as well with IYT sinking -1.73% and Natural Resources IGE dropping -1.41%. The Financials (IYF) headed …
Financials Provide A Last Minute Boost
[Chart courtesy of MarketWatch.com] Moving the Markets It’s been no secret that the post-election rally hit a speed bump with the S&P 500 having moved within a 4 point range, on a closing basis, for the past 2 weeks. Anxiety continues to prevail as to whether Trump can really deliver on his campaign promises. Retail shares were the anchor weighing …
ETF/No Load Fund Tracker Newsletter For February 12, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2016/02/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-02112016/ ———————————————————— Market Commentary EQUITIES AND CRUDE REBOUND SHARPLY BUT END UP DOWN FOR THE WEEK [Chart courtesy of MarketWatch.com] 1. Moving the Markets The wild ride continued on Wall Street as crude oil finally found some footing and sparked a 12% surge on Friday, …
OPEC Rumor Keeps Markets From Crashing
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Sure, when all else fails to prop up the markets, start a rumor. Just as the S&P dipped towards the psychologically 1,800 level, the WSJ reported that the OPECers were “ready to cooperate” on a production cut. That’s all it took, and the indexes staged their typical afternoon rally which, however, petered …