ETF Tracker StatSheet https://theetfbully.com/2017/12/weekly-statsheet-etf-tracker-newsletter-updated-12-28-2017/ DIVING INTO THE CLOSE [Chart courtesy of MarketWatch.com] Moving the markets It’s no secret that equities had a stellar 2017 with the major indexes posting their best year since 2013. It was a period during which the Dow hit 71 closing records, while the Nasdaq rose for its sixth straight year, its longest such streak since …
Edging Higher
[Chart courtesy of MarketWatch.com] Moving the markets It wasn’t much of a gain, but a gain nevertheless, as the major indexes ended their 2-day slide to close in the green by a small margin. Trading was subdued during this Holiday shortened week, as new catalysts were lacking, and I don’t expect much movement in equities over the last trading days …
Low Volume Equals Directionless Meandering
[Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war between Apple (AAPL -2.53%) and the retail sector as the former fell and the latter rallied (XRT +1.12%). Crude oil (+2.27%) through in some bullish support but it the end, the major indexes headed south by a slight margin. Of course, Holiday shortened weeks invite low volume, so the …
ETF Tracker Newsletter For December 22, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/12/weekly-statsheet-etf-tracker-newsletter-updated-12212017/ CRAWLING BACK TOWARDS THE UNCHANGED LINE [Chart courtesy of MarketWatch.com] Moving the markets Despite today’s aimless meandering, which had the major indexes crawling out of a hole towards the unchanged line, the Dow and S&P 500 managed to score their fifth straight weekly advance despite ending the session slightly in the red. For sure, with …
Falling Off The Highs
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes slipped today as all eyes remained firmly focused on the tax package, which originally was supposed to be signed by President Trump today. However, after the markets closed, the process “hit a procedural snag” forcing another vote on Wednesday. Whether that will finally cinch the deal is everyone’s guess. Equities …
Tax Cut Expectations Propel The Major Indexes
[Chart courtesy of MarketWatch.com] Moving the markets How many times have I referred to the expected tax law changes to be responsible for powering the equity markets? Too many to recall, but it appears to be the gift that keeps on giving. Today was no different, as the major indexes ended solidly in the green. ZH summed the record run …