[Chart courtesy of MarketWatch.com] Moving the Markets There simply weren’t any news reports positive enough to keep the major indexes above the unchanged line. First, it was the Fed and its mouthpieces pretty much talking down the markets. ZH summed it up as follows: Yellen – “We have been in an economy with low interest rates for some time, and …
Skidding Off The Highs
[Chart courtesy of MarketWatch.com] Moving the Markets It was another roller coaster session with the major indexes ramping higher right out of the gate, only to see early gains evaporate, as Dow ended a string of daily losses at four, but only by the tiniest of margins. So did the S&P 500, but the Nasdaq stumbled and closed the day …
ETF Tracker Newsletter For June 23, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/06/weekly-statsheet-etf-tracker-newsletter-updated-06222017/ EKING OUT A TINY GAIN [Chart courtesy of MarketWatch.com] Moving the Markets Another roller coaster day ended just about at the unchanged line for the Dow with the S&P 500 and Nasdaq managing to climb back into positive territory. For the week, the story was very similar with only the Nasdaq scoring a newsworthy gain of …
Struggling For Direction
[Chart courtesy of MarketWatch.com] Moving the Markets Crude oil along with the energy sector continued its slippery slide with XLE giving back -1.61%, while Crude Oil (WTI) crashed -2.53% to a $42 handle, which is its lowest since last August. Biotechs were the beneficiary of this carnage gaining some 8% over the past 3 days. It’s a strange market, as …
Crude Oil Drops Into Bear Market Territory; Pulls Down Equities
[Chart courtesy of MarketWatch.com] Moving the Markets Equities were not able to overcome the spanking that took place in oil patch and energy sector with oil touching the $42 handle and tumbling to the lowest level since last November. The transportation sector was affected as well with IYT sinking -1.73% and Natural Resources IGE dropping -1.41%. The Financials (IYF) headed …
Valuation Worries Persist But S&P And Dow Hit Record Highs
[Chart courtesy of MarketWatch.com] Moving the Markets There was no hesitation nor looking back as the major indexes headed north right after the opening bell. The Dow and S&P scored new record highs while the Nasdaq rebounded solidly after last week’s weakness. The tech sector, as represented by XLK, added 1.5%, which was its biggest one-day gain since last December. …