[Chart courtesy of MarketWatch.com] Moving the Markets Some better than expected corporate earnings helped the major indexes to shake off yesterday’s bearish mood and remain above the unchanged line with the exception of the Nasdaq, which slipped a tad. Helping the markets was news that the House of Representatives squeezed out a budget bill allowing the Senate to later pass …
ETF Tracker Newsletter For October 20, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/10/weekly-statsheet-etf-tracker-newsletter-updated-10192017/ ENDING THE WEEK WITH A BANG [Chart courtesy of MarketWatch.com] Moving the Markets The major indexes opened up the session on the positive side of the unchanged line and never looked back, as the relentless ascent into record territory continued unabated. The big assist came from the Senate when it passed a “budget blueprint” for the …
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 …
Drifting Below The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the Markets With bond markets closed today, equities lacked direction and meandered below the unchanged line with downward momentum accelerating late in the session. However, in the end, the losses for the major indexes were relatively minor. The biggest losers were retailers, financials and healthcare, the latter of which suffered from weekend reports that Trump …
Equities Rocket Higher In Face Of Mass Shooting
[Chart courtesy of MarketWatch.com] Moving the Markets Right now, it seems that nothing can stop the northerly path of equities. Despite the police brutality associated with the Catalonian secession vote in Spain over the weekend and last night’s mass shooting in Las Vegas, the major indexes started the day in positive territory and resumed a steady run-up throughout the session. …
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 …