[Chart courtesy of MarketWatch.com] Moving the markets The major indexes managed to recover in sync for a change with the S&P 500 snapping its 4-day losing streak. Wall Street was continuing to focus on the progress of the tax legislation while looking with much anticipation towards Friday’s jobs report. Apparently, the possibility of a government shutdown did not affect markets, …
Nasdaq Pumps And Energy Dumps
[Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war between bulls and bears with the major indexes vacillating back and forth above and below their respective unchanged lines. In the end, only the Nasdaq managed to show a green number, although the S&P scored a close second. The Energy sector as a whole looked frail with XLE losing …
A Great Start And A Lousy Ending
[Chart courtesy of MarketWatch.com] Moving the markets The Nasdaq powered ahead early in the session as the Dow and S&P 500 struggled to find some traction. However, the euphoria was short lived as mid-day selling pulled all three indexes lower and below the unchanged line. Tranportations (IYT), who had put up some strong numbers in recent days, under-performed and lost …
Exuberance Fades As Tech Wreck Continues
[Chart courtesy of MarketWatch.com] Moving the markets Overnight exuberance, caused in part by the discovery that Friday’s story from ABC about former national-security advisor Flynn was “fake news”, only had a temporary market moving effect. But clearly helping the bullish cause was the weekend passage of the Senate version’s overhaul of the tax code. Spoiling the party was the continuation …
ETF Tracker Newsletter For December 1, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/11/weekly-statsheet-etf-tracker-newsletter-updated-11302017/ SLIPPING FOR THE DAY BUT GAINING FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets The equity markets derailed this morning and plunged after headline reports that Trump’s former national-security advisor promised not only “full cooperation with the Mueller team” but that he is also prepared to testify that as a candidate, Donald Trump …
Tax Plan Optimism Sparks Rally
[Chart courtesy of MarketWatch.com] Moving the markets And the beat goes on. Optimism about the tax plan prospects went into hyper drive with John McCain appearing to be the catalyst by casting his “YES” vote convincing traders that a tax reform may actually happen. That motivated the bullish crowd, and the major indexes jumped. Even though we came off the …