[Chart courtesy of MarketWatch.com] Moving the markets Despite today turning into another roller-coaster ride, with the S&P 500 crossing its unchanged line seven times, the bulls prevailed in the end by pushing the major indexes higher during a last hour attack. For sure, with the brutal selling spree of the past few weeks on traders’ minds, it was about time …
Earnings And Tax Cut Hopes Drive Markets
[Chart courtesy of MarketWatch.com] Moving the Markets Caterpillar and McDonalds combined to continue yesterday’s rally with Trump’s planned tax cut announcement, scheduled for tomorrow, providing the emotional fire power. The Nasdaq managed to conquer the 6,000 level and closed solidly above it in part due to gains by heavyweights Apple and Microsoft. So far, overall profits of S&P companies are …
Dow Inches Up While Tech Stocks Lead
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow continued blazing a trail today, bolstered by a strong earnings report from tech giant Microsoft (MSFT). The index continues to plow its way into record territory and lately there’s no sign of it doing otherwise. The nine-day winning streak is its longest since a 10-session rally more than three years …
Nervous Monday: Markets Retreat
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street was a mess today after the shooting in Florida this past Sunday morning. This unfortunate incident, alongside uncertainty ahead of the U.S. Federal Reserve’s meeting this week and on mounting concern about Britain’s possible exit from the European Union did not equate to a prosperous trading day in the market …
Markets Gain Despite OPEC Turmoil
[Chart courtesy of MarketWatch.com] 1. Moving the Markets OPEC and oil were the largest market movers today. Imagine my surprise when news came in during mid-day trading that OPEC was not able to seal a deal on capping oil production. The failure to reach a decision underscores the increasingly conflicted interests within the organization. Two members in particular, Saudi Arabia …
ETF/No Load Fund Tracker Newsletter For April 22, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/04/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-04212016/ ———————————————————— Market Commentary MIXED END TO MIXED WEEK [Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks closed the week mixed Friday as earnings misses last night from Microsoft (MSFT) and Google parent Alphabet (GOOG) gave Wall Street’s optimism a punch in the face. Before the opening bell though, the Dow got …