[Chart courtesy of MarketWatch.com] 1. Moving The Markets Major U.S. stock indexes mounted a solid comeback today; recovering their losses from the prior day and seeing the Dow log its largest gain in five weeks. As the chart above shows, all major indices gained nicely. We heard the latest Fed minutes today, but surprisingly there was little reaction from investors, …
Retail Numbers Drag Markets; MSFT Unveils Surface Pro 3…Are You Excited?
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Markets finished the day all covered in red, with the indexes retreating as the chart above shows. All 10 primary S&P 500 sector indexes fell, and nearly three-fourths of Nasdaq-listed names were down for the day. Yesterday, I mentioned that there were still a few notable companies due for earnings reports this …
Markets Respond Mixed To M&A News As Q1 Earnings Season Winds Down
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks dwindled around breakeven for most of the day, but finished strong led by Internet stocks and mixed M&A success. All the major indexes closed higher as the chart above shows. In M&A news, AstraZeneca (AZN) rejected yet another takeover bid from Pfizer (PFE). AstraZeneca rejected a revised £69 billion ($116 billion) …
ETF/No Load Fund Tracker Newsletter For May 16, 2014
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2014/05/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-05152014/ ———————————————————— Market Commentary Friday, May 16, 2014 GOING NOWHERE [Chart courtesy of MarketWatch.com] 1. Moving The Markets This was the week in which the S&P 500 attempted to break through its psychologically important 1,900 milestone marker. We came close on Monday and Tuesday before …
A Mixed Bag Of Data Whacks The Bulls
[Chart courtesy of MarketWatch.com] 1. Moving The Markets It was a one-two punch based on disappointing earnings and a mixed bag of data that sent the bulls to the mat, at least for the time being. All major indexes lost as the intra-day chart above shows. Despite the manufacturing index coming in better than expected and a reduced number of …
Bouncing Off The Glass Ceiling
[Chart courtesy of MarketWatch.com] 1. Moving The Markets Clearly, the markets were taking a breather today, after the S&P’s attempt to pierce the 1,900 level, not just on an intra-day basis, did not materialize. While the benchmark had been trending sideways for this month, let’s not forget that it has been on a 4.5% rebound spree since its low on …