[Chart courtesy of MarketWatch.com] Moving the markets An early rebound faltered, and the major indexes declined below the unchanged line but managed to crawl back into positive territory to close out the month with solid gains. The Dow added +5.8%, its best January since 1997, while the S&P 500 and Nasdaq rallied +5.6% and +7.4% respectively. The culprit for the …
Whip-Saw Day Keeps Dow & S&P In The Green
[Chart courtesy of MarketWatch.com] Moving the markets Treasury secretary Mnuchin’s remarks pushed the dollar (UUP) even lower, but in the end, the day was saved by President Trump stepping in with the soothing words that Mnuchin’s statement was taken out of context and a long-term strong dollar policy was still the administration’s goal. This pumped the dollar back up, after …
Reversal Tuesday
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the major indexes stormed ahead to set new records, only to be reminded that nothing goes up forever without a break or some sort of a pullback. The Dow raced past the 26k milestone only seven days after having conquered its 25k level, which was triple the pace …
ETF Tracker Newsletter For January 12, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/01/weekly-statsheet-etf-tracker-newsletter-updated-01-11-2018/ MORE RECORDS IN THE BOOKS [Chart courtesy of MarketWatch.com] Moving the markets Earnings season unofficially started with a bang, as the major indexes continued their march into uncharted territory with optimism about the upcoming corporate report cards taking center stage. All 3 major indexes spiked again with consumer discretionary and energy shares leading the gains. Looking …
A Big Day For The Bulls
[Chart courtesy of MarketWatch.com] Moving the markets This is the time of the year when market historians come out and use the first five trading days of the year to compare it to the past and then project the results out for the remainder of 2018. Today was no different, and these are the results as translated by ZH: Thanks …
ETF Tracker Newsletter For December 29, 2017
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 …