[Chart courtesy of MarketWatch.com] Moving the markets Things looked pretty hunky dory after the opening with the major indexes storming again into record territory. Then the hammer came down in form of Commerce Secretary Ross’s comments. Bloomberg reported as follows: ROSS: CHINA `SUPERB’ TALKING FREE TRADE, ACTING PROTECTIONIST ROSS: STEEL FORUM HAS MADE `ZERO DIFFERENCE’ FOR OVERCAPACITY ROSS: CHINA IS …
New Highs for S&P 500 and Nasdaq
[Chart courtesy of MarketWatch.com] Moving the markets Two of the three major indexes stormed into record territory again after upbeat earnings boosted investor sentiment, and the bulls shifted into overdrive ignoring the Dow’s weakness. Helping matters was Netflix’s rally, as it topped the $100 million market cap. Also throwing in an assist was the ending of the government shutdown, although …
Shutdown Ends: Markets Rally
[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 …