ETF Tracker StatSheet https://theetfbully.com/2017/10/weekly-statsheet-etf-tracker-newsletter-updated-10262017/ A SLOW START FOLLOWED BY A STRONG FINISH [Chart courtesy of MarketWatch.com] Moving the Markets The week started out slow, and it looked like the major indexes might finish to the downside. Well, that did not happen as Amazon’s good results today put some fuel under the Nasdaq with the index rocketing higher by +2.2%. Not …
IBM Surges And Pushes Dow To New Record
[Chart courtesy of MarketWatch.com] Moving the Markets Sometimes you just have to laugh. The Dow rallied sharply by some 160 points with over 100 of them coming from IBM’s jump in stock price of almost 9%, its best in 9 years. You’d think that IBM’s earnings report card set the world on fire, but that was not the case, as …
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 …
Crawling Deeper Into Record Territory
[Chart courtesy of MarketWatch.com] Moving the Markets And the theme continued with the major indexes slowly but surely scoring another round of records, as the Dow closed within spitting distance of a new milestone marker, namely the 23,000 level. All of this came in anticipation that the upcoming earnings season won’t disappoint but to also confirm that the current lofty …
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 …