[Chart courtesy of MarketWatch.com] Moving the Markets It had to happen eventually. The winning streak came to an end today, as uncertainty reigned in regards to tax cuts and corporate earnings, of which some 200 S&P companies are scheduled to report this week. Of course, given current market levels, we are way overdue for a pause. Interestingly, the markets did …
Dipping And Ripping
[Chart courtesy of MarketWatch.com] Moving the Markets Early morning selling pressure, possibly related to the 30th anniversary of the 1987 crash, pushed the major indexes lower, with the S&P 500 being down a non-newsworthy -0.33%, before starting the long climb towards the unchanged line. Other reports were mixed with earnings being robust while political tensions in Europe and questionable economic …
Struggling To Defend Records
[Chart courtesy of MarketWatch.com] Moving the Markets While the Dow managed to eclipse the 23k milestone marker intra-day, it was not able to hold this level into the close by falling 3 points short. Nevertheless, the record is in the books with the Dow notching its 4th 1,000 point climb in the past 12 months—the most ever in a calendar …
Bouncing In A Narrow Range
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes, as well as equities in general, struggled through the session looking for some footing to use as a launching pad for the usual mid-day rebound. It worked for a while, as the unchanged line was conquered but upward momentum faded, and we closed in the red, although only fractionally. Earnings …
Up, Up And Away…S&P 500 Logs Its Sixth Straight Record Close
[Chart courtesy of MarketWatch.com] Moving the Markets A passed budget bill proved to have enough fire power to propel the major indexes into record territory—again. The passed budget resolution is seen as a stepping stone to finally overhaul the tax code. While the timing of this event is still unknown, recent pessimism has now been replaced with hope that a …
ETF Tracker Newsletter For September 29, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/09/weekly-statsheet-etf-tracker-newsletter-updated-09282017/ ENDING THE MONTH AND THE QUARTER ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the Markets Equities closed out the week, month and quarter on a positive note with the S&P, Nasdaq and Russell 2000 ending not only at their highs of the session but also setting new records in the process. In terms of …