[Chart courtesy of MarketWatch.com] Moving the markets A weak opening reversed quickly, as the major indexes found enough mojo to reclaim their respective unchanged lines. That is until news struck fear in the hearts of traders because of the Biden Administration’s plan for the capital gains tax to be almost doubled. Via ZH, Bloomberg explained it this way: The plan …
Two Days Of Dropping Followed By A Day Of Popping
[Chart courtesy of MarketWatch.com] Moving the markets The futures already pointed to a reversal, with the S&P switching from red to green, which continued into the regular session, as all three major indexes attempted to wipe out the losses of the past two days. As the chart above shows, there was no hesitation nor any looking back with the bulls …
Slumping Two Days In A Row
[Chart courtesy of MarketWatch.com] Moving the markets Overnight, the Japanese markets painted a gloomy picture, as Tokyo pushed for a third COVID state of emergency with new cases spiking. Full-fledged lockdowns are being considered with the IOC possibly canceling this summer’s Olympics. That gloomy mood carried over into the US markets, with major indexes opening to the downside but never …
Stumbling Off The Highs
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes started the week in the red and stayed there throughout the session, as it appeared that traders had lost their appetite and any buying motivation. Weakness in the tech sector did not help and, given the fact that the Dow and S&P 500 just scored new highs on Friday, it …
ETF Tracker Newsletter For April 16, 2021
ETF Tracker StatSheet You can view the latest version here. CLOSING A WINNING WEEK ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets New records were set again today, as the Dow and S&P 500 continued their ascent to ever new highs. Strong earnings from blue chip companies gave the assist, as well as data signaling that …
Dow And S&P 500 Score New Records
[Chart courtesy of MarketWatch.com] Moving the markets The unchanged line was nowhere near in sight, as the major indexes roared higher after the opening bell and never looked back with the Dow and S&P 500 reaching new all-time highs. Big tech surged and maintained their dominance over SmallCaps, while “growth” outperformed “value.” Strong earnings and some economic reports painted a …