[Chart courtesy of MarketWatch.com] Moving the markets It comes as no surprise that, after yesterday’s strong run-up, the major indexes took a bit of a breather, however, they still managed to close in the green, despite dipping below the unchanged line several times during the session. So far, it looks that this month may turn out to be the second-best …
Equities Shift Into Overdrive
[Chart courtesy of MarketWatch.com] Moving the markets So much for the dog days of summer, as the S&P 500 and Nasdaq closed at record highs for the second day in a row powered by excitement over the new trade deal between the US and Mexico. The Dow successfully reclaimed the 26k level for the first time since February, while the …
ETF Tracker Newsletter For August 24, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08-23-2018/ TESTING RECORD HIGHS [Chart courtesy of MarketWatch.com] Moving the markets In the face of the worst durable goods order report in 6 months, indicating an accelerating US slowdown, the S&P and Nasdaq moved into record territory with the broad market showing a solid performance as well. Apparently, weak economic reports, including the ones on housing recently, …
Struggling For Direction
[Chart courtesy of MarketWatch.com] Moving the markets An early rally fizzled out mid-day with the major indexes suddenly tanking and closing modestly in the red. Today’s session had the feel of a typical summer day with volume disappearing causing the S&P sectors to trade lower and directionless. However, the object in focus that may impact markets tomorrow is the annual …
Treading Water As The 4-Day Win Streak Ends
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes hugged the unchanged line for most of the day but were not able to remain above it at closing. The exception was the Nasdaq, which managed to notch another positive session. The Dow’s and S&P’s pullbacks were modest and influenced by the Fed’s decision to maintain its hawkish stance. The …
Gathering Steam
[Chart courtesy of MarketWatch.com] Moving the markets The rally gathered steam and continued for the fourth straight day despite some weakness setting in towards the end of the session. I guess it was a case of the nerves not only due the S&P 500 notching an intra-day record but also gaining on the day when stocks tied the record for …