ETF Tracker StatSheet https://theetfbully.com/2017/10/weekly-statsheet-etf-tracker-newsletter-updated-10122017/ ENDING THE DAY AND THE WEEK WITH A GAIN [Chart courtesy of MarketWatch.com] Moving the Markets The trading range for the major indexes turned out to be a narrow one not just for the day but for the week as well. Nevertheless, we closed slightly up with the Nasdaq logging its 57th all-time high. While weekly …
Dow Registers Another Record Finish; FOMC Minutes And Earnings Season On Deck
[Chart courtesy of MarketWatch.com] Moving the Markets And the beat goes on. The major indexes shot up right after the opening bell, retreated during mid-day and rallied into the close but with only the Dow managing to squeeze out another record; its 47th for 2017. A big assist came from Walmart (WMT), which gained +4.43% on the day and produced …
Grinding Higher
[Chart courtesy of MarketWatch.com] Moving the Markets After an early slide, the major indexes managed to do a repeat pattern of what we’ve seen for the last year or so and that is to slowly crawl back to conquer the unchanged line. Today was no different, as worries about the complexity of the new tax code, concerns over deficits and …
S&P Defends Its 2,500 Level
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes zigzagged throughout the session but ended up on a sour note by trending towards the day’s lows. The S&P 500 managed to defend its 2,500 level successfully—so far. Not helping the bulls for the second day in a row was Apple (AAPL), which dropped another -1.72% causing the Nasdaq to …
Fed Plans To Scale Back Stimulus; US Dollar Spikes; Dow & S&P Set New Records
[Chart courtesy of MarketWatch.com] Moving the Markets I had to laugh this morning when some news reports called the Nasdaq as having “plunged” in view of Apples weakness (-1.68%). It turned out that the Nasdaq merely retreated a meager -0.3% which appears to be, in that ‘new normal’ world we’re living in, quite a noteworthy drop. Go figure… Of course, …
Wall Street Bets On ‘No Interest Rate Hike’
[Chart courtesy of MarketWatch.com] Moving the Markets Despite past warnings by the Fed that more interest hikes might be forthcoming, reality appears to show a different picture. As I have posted almost daily, the 10-year bond yield spiked and made its high for the year in early March at 2.62%, after which it zigzagged to a low of 2.05% earlier …