Chopping And Flopping

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s hard-fought gains vanished in a hurry with bearish sentiment taking over by pulling the major indexes off their lofty levels right after the opening bell. We ended up off the lows but still in the red. Contributing to the drop were mixed corporate earnings and questionable econ data, as well as an …

Bouncing Higher In Choppy Trading

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets An early ramp ran into resistance with the major indexes pulling back sharply, and the Nasdaq dipping into the red, but a mid-session bounce pulled stocks out of the doldrums and into a green close. Today’s session was a lot choppier than yesterday’s rebound. Supporting the continued bullishness was the Fed’s account of …

Markets Roll Over—Nasdaq Leads The Tumble

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets The bullish train kept on moving throughout the early part of the session, when suddenly the wheels came off, and the major indexes engaged in a swan dive, which was led in magnitude by none other than the Nasdaq. Of course, the tech sector has been on a relentless ramp since the March …

ETF Tracker Newsletter For July 10, 2020

Ulli ETF Tracker Contact

ETF Tracker StatSheet           You can view the latest version here. ENDING A VOLATILE WEEK ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets This morning we saw something highly unusual in the markets, namely that the Dow and S&P quickly stormed out of an early hole, with the Nasdaq lagging, something we have not seen in a …

SCOTUS Rules Against POTUS—Markets Pull Back

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets An early bump in the tech sector gave way to selling, as the bears took charge of today’s session early on. Increasing coronavirus cases in Florida, Texas and California added to Wall Street’s woes with even the Nasdaq temporarily succumbing to red numbers, albeit at a lesser degree than the other major indexes. …