[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 …
ETF/No Load Fund Tracker Newsletter For July 17, 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-07162015/ ———————————————————— Market Commentary INDEXES RALLY WITH THE NASDAQ MAKING A NEW ALL-TIME HIGH [Chart courtesy of MarketWatch.com] 1. Moving the Markets One look at the 5-day chart tells the story of the past week. The bulls had their way with the Nasdaq making a …
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 …
Squeezing Out Another Day Of Gains
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities managed to inch higher for the 4th day in a row and added to their recent gains. From last Wednesday’s low for then month, the S&P has managed to rally over 3%, which was strictly based on hope for a resolution in Greece. Today’s downer was the disappointing June retail sales …
Solid Gains For 3rd Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The bulls had their way as the rally continued for the third straight day with the S&P 500 reclaiming the 2,100 level. The driver was a new agreement, where Greece ended up in total capitulation by giving up much sovereignity in turn for a third bailout program. This type of deal came …