[Chart courtesy of MarketWatch.com] After beginning the day lower on the failure of U.S. lawmakers to come to a debt ceiling agreement to avoid a potential default, stocks ended a volatile session with modest gains to finish higher as bits of news about potential progress came throughout the day. Volume was lighter than usual due to the closure of U.S. …
ETF/No Load Fund Tracker Newsletter For Friday, October 11, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/10/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-10102013/ ———————————————————— Market Commentary Friday, October 11, 2013 TRADERS ENTERING THE WEEKEND ON HIGH HOPES Domestic equity markets were able to extend their recent gains today, continuing a major rally in the previous session amid growing optimism that a solution to the budget and debt …
Bulls Out In Force
[Chart courtesy of MarketWatch.com] Domestic stock markets surged to close at the highs of the day, marking the second-best single day gains year-to-date, on signs that the fiscal stalemate on Capitol Hill may be beginning to thaw. The Dow rocketed over 300 points while the market rally left the S&P 500 less than 2 percent away from its record closing …
There Is Light At The End Of The Tunnel
[Chart courtesy of MarketWatch.com] Domestic equities bounced off of session lows, rebounding from the benchmark index’s biggest two-day slump since June, with the Dow and S&P 500 gaining modest ground while the Nasdaq finished lower for a third day, pressured as investors sold this year’s winning tech stocks including Netflix and Fastenal. Traders were skeptically optimistic following the nomination of …
Major Index ETFs Drown In Fiscal Uncertainty
[Chart courtesy of MarketWatch.com] U.S. equities extended yesterday’s solid losses as a gauge of Wall Street anxiety hit its highest level in more than three months with equity markets showing growing concern over no indication of progress from lawmakers on budget and debt ceiling negotiations. A disappointing debt auction of one-month Treasury bills, which saw the rate almost triple the …
Stocks Dive Heading Into Second Week Of Shut Down
[Chart courtesy of MarketWatch.com] U.S. equities fell on Monday, extending two weeks of losses, amid the continued stalemate in Washington over a budget for the fiscal year, exacerbated by concerns surrounding the looming debt ceiling deadline. It was a poor start to the week for the equity market and the same thing could be said for politics in Washington. The …