TRADE WAR FEARS WIPE OUT EARLY GAINS [Chart courtesy of MarketWatch.com] Moving the markets An early rally ran into a brick wall, reversed with the major indexes heading south and below their respective unchanged lines. Causing this sudden change in sentiment was a report, released mid-day, indicating that Trump still intends to impose tariffs on China, despite recent words of …
Bulls Dominate For Fourth Straight Day
[Chart courtesy of MarketWatch.com] Moving the markets The bulls dominated again and pushed the major indexes higher with the S&P 500 scoring its fourth straight win. Yesterday’s laggard turned into today’s leader, as the tech sector picked up steam with the Nasdaq adding +0.75%, after spiking during the last few minutes of the session. Helping set the bullish tone were …
Hanging On To The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s rebound, the major indexes struggled to crawl above their respective unchanged lines after a weak start to the session. The Dow and S&P 500 succeeded, while the Nasdaq lagged and closed slightly in the red due to Apple’s struggles. Overall, it was simply a lackluster day with neither bulls nor bears …
Snapping A 4-Day Losing Streak
[Chart courtesy of MarketWatch.com] Moving the markets An early rally weakened mid-day with the Dow slipping back into the red, while the S&P 500 and Nasdaq showed more staying power and managed to end a 4-day losing streak, as the tech sector showed signs of life again. 9 of the 11 primary industry groups closed above the unchanged line making …
ETF Tracker Newsletter For September 7, 2018
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 …