[Chart courtesy of MarketWatch.com] Moving the Markets After an early slide, the major indexes managed to do a repeat pattern of what we’ve seen for the last year or so and that is to slowly crawl back to conquer the unchanged line. Today was no different, as worries about the complexity of the new tax code, concerns over deficits and …
Dow Snaps Losing Streak; Smallcaps Notch Record Close
[Chart courtesy of MarketWatch.com] Moving the Markets At least according to today’s performance, much confidence was given to Trump’s advertised sweeping tax reform, as the Russell 2000 notched not only a record close but also showed its biggest gain since the election. Strangely enough, the Fed’s Bullard came out and jawboned that “equity valuations may be stretched,” making me wonder …
ETF Tracker Newsletter For September 22, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/09/weekly-statsheet-etf-tracker-newsletter-updated-09212017/ EKING OUT SMALL GAINS [Chart courtesy of MarketWatch.com] Moving the Markets A late bounce helped the major indexes to gain enough upward momentum to eke out some small gains for the session with the exception of the Dow, which fell short and remained in the red. Despite this rebound, Apple (AAPL) continued its September downward trend …
Fed Plans To Scale Back Stimulus; US Dollar Spikes; Dow & S&P Set New Records
[Chart courtesy of MarketWatch.com] Moving the Markets I had to laugh this morning when some news reports called the Nasdaq as having “plunged” in view of Apples weakness (-1.68%). It turned out that the Nasdaq merely retreated a meager -0.3% which appears to be, in that ‘new normal’ world we’re living in, quite a noteworthy drop. Go figure… Of course, …
Bullish Mood Prevails
[Chart courtesy of MarketWatch.com] Moving the Markets Despite sudden market weakness developing late in the session, with technology and biotech being spooked the most, the major indexes recovered a good chunk of their early gains and ended in the green with the Dow notching its 40th record close of the year. Helping matters were reduced tensions between N. Korea and …
ETF Tracker Newsletter For September 15, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/09/weekly-statsheet-etf-tracker-newsletter-updated-09142017/ MISSION ACCOMPLISHED: S&P 500 CONQUERS ITS 2,500 LEVEL [Chart courtesy of MarketWatch.com] Moving the Markets As we have become accustomed to, news reports, that should affect markets negatively, were ignored as the major indexes continued relentlessly higher with the S&P managing, at the very last minute, to close above its 2,500 marker for the first time. …