ETF Tracker Newsletter For October 22, 2021

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ETF Tracker StatSheet           You can view the latest version here. DOW CLOSES WEEK WITH NEW RECORD [Chart courtesy of MarketWatch.com] Moving the markets While the S&P 500 missed out on its 8th straight day of advances, the Dow powered ahead and eked out a new record high, thereby imitating yesterday’s S&P accomplishment. The latter surrendered -0.11%. The Nasdaq was …

Keeping The Bullish Meme Intact

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[Chart courtesy of MarketWatch.com] Moving the markets With the bulls continuing their ascent to take out all-time highs, they succeeded by pushing the Dow into record territory, while S&P 500 “only” registered its sixth consecutive day of gains. The Nasdaq lagged by bouncing around its unchanged line while giving up early advances. MarketWatch was correct with its analysis that the …

Earnings Power Equities

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[Chart courtesy of MarketWatch.com] Moving the markets Positive earnings reports kept bullish momentum alive, with major companies showing strong report cards, which helped alleviate fears that Covid cases and rising costs might undermine corporate profit margins. So far, this has not happened. It was “go time” right after the opening bell, and the major indexes followed the path of least …

Signs Of Optimism

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[Chart courtesy of MarketWatch.com] Moving the markets Friday’s ramp-a-thon did not carry through into this morning’s opening, as the major indexes dipped into the red. However, that move was quickly reversed, as equities recovered to close in the green led by the Nasdaq, which registered its fourth consecutive day of gains. The laggard was the Dow, which ended up hugging …

ETF Tracker Newsletter For October 15, 2021

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ETF Tracker StatSheet           You can view the latest version here. EARNINGS SEASON POWERS EQUITIES [Chart courtesy of MarketWatch.com] Moving the markets Earnings season started with a bang yesterday, after some better-than-expected results unleashed bullish sentiment and sent the major indexes higher. Eight members of the S&P 500 beat Wall Street’s expectations, which set the positive tone for Thursday. That …

Climbing Out Of A Hole

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[Chart courtesy of MarketWatch.com] Moving the markets Two of the three major indexes found themselves in an early hole, but late session bullishness reversed the initial trend and assured a steady upward climb. The Dow reached its unchanged line, the S&P 500 ended up with moderate gains, but the Nasdaq bounced in the green all day and produced a solid …