[Chart courtesy of MarketWatch.com] Moving the Markets And the theme continued with the major indexes slowly but surely scoring another round of records, as the Dow closed within spitting distance of a new milestone marker, namely the 23,000 level. All of this came in anticipation that the upcoming earnings season won’t disappoint but to also confirm that the current lofty …
ETF Tracker Newsletter For October 13, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/10/weekly-statsheet-etf-tracker-newsletter-updated-10122017/ ENDING THE DAY AND THE WEEK WITH A GAIN [Chart courtesy of MarketWatch.com] Moving the Markets The trading range for the major indexes turned out to be a narrow one not just for the day but for the week as well. Nevertheless, we closed slightly up with the Nasdaq logging its 57th all-time high. While weekly …
Bouncing In A Narrow Range
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes, as well as equities in general, struggled through the session looking for some footing to use as a launching pad for the usual mid-day rebound. It worked for a while, as the unchanged line was conquered but upward momentum faded, and we closed in the red, although only fractionally. Earnings …
More All-Time Highs
[Chart courtesy of MarketWatch.com] Moving the Markets Despite the Fed’s minutes from its September meeting, including words of caution among policy makers in regards to the next interest rate hike, market odds spiked that the widely expected December hike would materialize. Further notes indicated that it might take longer than anticipated to get inflation back to the Fed’s 2% target, …
Dow Registers Another Record Finish; FOMC Minutes And Earnings Season On Deck
[Chart courtesy of MarketWatch.com] Moving the Markets And the beat goes on. The major indexes shot up right after the opening bell, retreated during mid-day and rallied into the close but with only the Dow managing to squeeze out another record; its 47th for 2017. A big assist came from Walmart (WMT), which gained +4.43% on the day and produced …
Drifting Below The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the Markets With bond markets closed today, equities lacked direction and meandered below the unchanged line with downward momentum accelerating late in the session. However, in the end, the losses for the major indexes were relatively minor. The biggest losers were retailers, financials and healthcare, the latter of which suffered from weekend reports that Trump …