[Chart courtesy of MarketWatch.com] Moving the markets It does not seem to matter what the news is, it’s all good for the markets. Friday’s fear of a looming government shutdown elevated the major indexes into record territory. Today’s announcement that the Senate moved to end the shutdown only 3 days later caused the markets to continue their record setting pace …
ETF Tracker Newsletter For January 19, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/01/weekly-statsheet-etf-tracker-newsletter-updated-01-18-2018/ POSSIBLE GOVERNMENT SHUTDOWN; MARKETS RALLY [Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war today that featured optimism over corporate earnings against the threat of a looming government shutdown. Despite the latter potentially adding more uncertainty, traders decided that any economic impact would negligible, so up we went late in the session with the …
Hitting The Pause Button
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes started the day in negative territory, recovered and moved briefly above the unchanged line but then sold off into the close resulting in minor losses. While the Dow managed to hang on to its 26k level, the S&P slipped below its 2,800 milestone and tied the longest stretch in history …
Picking Up Speed And Knocking Out More Milestones
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s pull-back proved to be ephemeral when considering the runaway train the major indexes resembled today. Looking at the chart above, it was about as straight of an ascending line as you can paint, as the bulls took charge again and pushed the major indexes into new all-time high territory. The Dow led …
Logging The First Down Day Of The Year
[Chart courtesy of MarketWatch.com] Moving the markets I had to happen eventually and today was the day. The major indexes actually traded below the unchanged line all day, staged a comeback but ended slightly in the red, as some profit taking set in. Caution prevailed as yesterday’s bond slam-fest remained on traders’ minds. The cause of jumping bond yields were …
ETF Tracker Newsletter For January 5, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/01/weekly-statsheet-etf-tracker-newsletter-updated-01-04-2018/ EXTENDING THE RALLY [Chart courtesy of MarketWatch.com] Moving the markets Who cares what the news headlines say or that the just released jobs report was downright dismal. This year, anything appears to be bullish for the markets—so far. The major indexes posted record gains again for the 4th straight positive session in part supported by …