ETF Tracker StatSheet https://theetfbully.com/2018/09/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-09-06-2018/ MAJOR INDEXES LIMP LOWER FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets Even a decent jobs report showing that 201k jobs were added in August (vs. 200k expectations), along with a steady 3.9% unemployment rate, couldn’t stem the bearish tide. The major indexes lost for the week with Nasdaq faring the worst with -2.5%. …
Tech Rout Continues
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes headed south again led by continuing weakness in the tech sector. However, the Dow managed to buck the trend by ending in the green by a small margin. The S&P’s attempts to conquer the unchanged line were rebuffed, while the Nasdaq didn’t even come close to stage any kind of …
Tech Sector Slides And Leads The Decline
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes started the session in the red caused by a sharp decline in the tech sector (over 1%), which was its worst day since July. The downside assist came from social media executives (FB, TWTR), who testified on Capitol Hill about misinformation and the battle for truth in reporting. Not helping …
Bouncing Below The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets Despite several attempts, the major indexes could not gather enough bullish momentum to break above the unchanged line and stay there. Instead, it was a see-saw session that saw the indexes ending up with minor losses. Trade tensions with Canada contributed to the uncertainties in the market as Trump threatened to “leave Canada …
ETF Tracker Newsletter For August 31, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08-30-2018/ A CHOPPY END TO A GOOD MONTH [Chart courtesy of MarketWatch.com] Moving the markets You could have pretty much counted on what happened today, namely that the major indexes vacillated aimlessly around their respective unchanged lines just to make it to the closing bell. While the Dow slipped a tad, the S&P 500 and Nasdaq ended …
Sliding Into The End Of The Month
[Chart courtesy of MarketWatch.com] Moving the markets All good things must end eventually. That was the case today, as the 4-day win streak was snapped with the major indexes slipping modestly ahead of the Labor Day weekend. Sure, after scoring repeated record highs, a pause was in order, but at mid-day other factors contributed to the sudden downside acceleration. Abruptly, …