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 …
Anticipation Of Good Earning Catapults The Major Indexes
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s worries about China’s lack of interest in purchasing US Treasuries are now a thing of the past while other concerns, such as jobless claims and wholesale inflation data, were simply ignored in anticipation of a hopefully great earnings season, which is expected to be the catalyst to drive the markets to new …
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 …
Last Hour Burst Assures A Green Close
[Chart courtesy of MarketWatch.com] Moving the markets After much range trading for most of the day, the major indexes shot up during the last hour to not just only close in the green but to also push the Dow to its 71st record close for the year. The supporting actors turned out to be banking shares and to a lesser …
Edging Higher
[Chart courtesy of MarketWatch.com] Moving the markets It wasn’t much of a gain, but a gain nevertheless, as the major indexes ended their 2-day slide to close in the green by a small margin. Trading was subdued during this Holiday shortened week, as new catalysts were lacking, and I don’t expect much movement in equities over the last trading days …
Low Volume Equals Directionless Meandering
[Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war between Apple (AAPL -2.53%) and the retail sector as the former fell and the latter rallied (XRT +1.12%). Crude oil (+2.27%) through in some bullish support but it the end, the major indexes headed south by a slight margin. Of course, Holiday shortened weeks invite low volume, so the …