ETF Tracker StatSheet https://theetfbully.com/2018/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08-02-2018/ EARNINGS OVERCOME WEAK JOBS REPORT [Chart courtesy of MarketWatch.com] Moving the markets Solid earnings reports throughout the week proved to be good enough to shake off any market weakness caused by tariff uncertainties and a so-so July employment report. In terms of trade spats, China has threatened to retaliate with tariffs on $60 billion in US …
Apple Saves The Day
[Chart courtesy of MarketWatch.com] Moving the markets With no adverse trade news making the headlines, it was Apple’s (AAPL) day to shine as it not only lifted the indexes but also managed to become the first $1 trillion company—ever. The S&P 500 and the Nasdaq gained solidly after a slow start at the opening, but then rocketed higher without looking …
An Early Rally Fizzles But Tech Gains
[Chart courtesy of MarketWatch.com] Moving the markets There was some afterglow this morning with the major indexes storming into positive territory on the heels of Apple’s blow out earnings report, which was released yesterday afternoon. However, the initial euphoria was short-lived and faded as reality set in via a variety of events pushing 2 of the 3 indexes back into …
Finding Positive Momentum
[Chart courtesy of MarketWatch.com] Moving the markets For a change, the major market indexes managed to move higher in sync with the Nasdaq (QQQ) successfully bouncing off its 4-month trend line to close solidly in the green. News reports that the latest trade talks with China had resolved nothing pulled the indexes off their mid-day highs but kept them above …
Tech Weakness Keeps Markets Slipping
[Chart courtesy of MarketWatch.com] Moving the markets I am on the road today and tomorrow, so the market reports may be delayed… The technology sector (QQQ) continued unraveling by not only logging a third straight session in the red but also closing at its lowest level in more than 3 weeks. It’ll be interesting to see if the 4-month long …
ETF Tracker Newsletter For July 27, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/07/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-07-26-2018/ AN UGLY ENDING [Chart courtesy of MarketWatch.com] Moving the markets Despite Amazon showing some glow in its earnings report, it was not enough to bail out the weaklings, namely Netflix, Twitter and Facebook, which combined to pull the tech sector off its lofty level. Other bellwethers that disappointed were Exxon and Intel causing the major indexes …