[Chart courtesy of MarketWatch.com] Moving the Markets Right now, it seems that nothing can stop the northerly path of equities. Despite the police brutality associated with the Catalonian secession vote in Spain over the weekend and last night’s mass shooting in Las Vegas, the major indexes started the day in positive territory and resumed a steady run-up throughout the session. …
Dow Snaps Losing Streak; Smallcaps Notch Record Close
[Chart courtesy of MarketWatch.com] Moving the Markets At least according to today’s performance, much confidence was given to Trump’s advertised sweeping tax reform, as the Russell 2000 notched not only a record close but also showed its biggest gain since the election. Strangely enough, the Fed’s Bullard came out and jawboned that “equity valuations may be stretched,” making me wonder …
Summer Blues
[Chart courtesy of MarketWatch.com] Moving the Markets Due to a 2-day business trip, the next 2 market reports will be short and sweet. The major indexes slipped and spent the entire session below their respective unchanged lines, but saving the day were SmallCaps and Transports scoring small gains, but gains nonetheless. For the month the Transportation index is up some …
ETF Tracker Newsletter For September 22, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/09/weekly-statsheet-etf-tracker-newsletter-updated-09212017/ EKING OUT SMALL GAINS [Chart courtesy of MarketWatch.com] Moving the Markets A late bounce helped the major indexes to gain enough upward momentum to eke out some small gains for the session with the exception of the Dow, which fell short and remained in the red. Despite this rebound, Apple (AAPL) continued its September downward trend …
Weak Economic Data Keeps Markets In Check
[Chart courtesy of MarketWatch.com] Moving the Markets While the Dow managed to close in the green for the 3rd straight session in a row, the broader market sagged a little based on weak retail shares that had the sector (XRT) giving back -0.72%. A couple of other numbers did absolutely nothing to instill confidence in an already declining economy. Consumer …
Extending The Rally
[Chart courtesy of MarketWatch.com] Moving the Markets After yesterday’s massive rebound, the major indexes continued with their bullish theme supported by Treasury Secretary Mnuchin’s words that he’s hopeful a tax overhaul can be accomplished by the end of the year. He also hinted that they’re considering backdating any reform to the beginning of 2017. That’s all it took, and stocks …