[Chart courtesy of MarketWatch.com] Moving the Markets Right now, it seems that nothing can stop the northerly path of equities. Despite the police brutality associated with the Catalonian secession vote in Spain over the weekend and last night’s mass shooting in Las Vegas, the major indexes started the day in positive territory and resumed a steady run-up throughout the session. …
Summer Blues
[Chart courtesy of MarketWatch.com] Moving the Markets Due to a 2-day business trip, the next 2 market reports will be short and sweet. The major indexes slipped and spent the entire session below their respective unchanged lines, but saving the day were SmallCaps and Transports scoring small gains, but gains nonetheless. For the month the Transportation index is up some …
ETF Tracker Newsletter For September 22, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/09/weekly-statsheet-etf-tracker-newsletter-updated-09212017/ EKING OUT SMALL GAINS [Chart courtesy of MarketWatch.com] Moving the Markets A late bounce helped the major indexes to gain enough upward momentum to eke out some small gains for the session with the exception of the Dow, which fell short and remained in the red. Despite this rebound, Apple (AAPL) continued its September downward trend …
S&P Defends Its 2,500 Level
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes zigzagged throughout the session but ended up on a sour note by trending towards the day’s lows. The S&P 500 managed to defend its 2,500 level successfully—so far. Not helping the bulls for the second day in a row was Apple (AAPL), which dropped another -1.72% causing the Nasdaq to …
Fed Plans To Scale Back Stimulus; US Dollar Spikes; Dow & S&P Set New Records
[Chart courtesy of MarketWatch.com] Moving the Markets I had to laugh this morning when some news reports called the Nasdaq as having “plunged” in view of Apples weakness (-1.68%). It turned out that the Nasdaq merely retreated a meager -0.3% which appears to be, in that ‘new normal’ world we’re living in, quite a noteworthy drop. Go figure… Of course, …
Wall Street Bets On ‘No Interest Rate Hike’
[Chart courtesy of MarketWatch.com] Moving the Markets Despite past warnings by the Fed that more interest hikes might be forthcoming, reality appears to show a different picture. As I have posted almost daily, the 10-year bond yield spiked and made its high for the year in early March at 2.62%, after which it zigzagged to a low of 2.05% earlier …