[Chart courtesy of MarketWatch.com] Moving the Markets Even though I was a little facetious yesterday when commenting that the S&P needs to rally for the remaining 3 sessions of August to maintain its spotless record of rising every month, today was a step in the right direction. The Dow and Nasdaq managed to climb into the “green,” and the S&P …
Clawing Back From An Early Sell-Off
[Chart courtesy of MarketWatch.com] Moving the Markets The early morning sell-off, which had the Dow down nearly 135 points, is now in the rearview mirror with the index staging its best intra-day comeback in 9 months. All the worries of the day, like continued provocations from N. Korea, debt ceiling talk and more fallout from hurricane Harvey, were either ignored …
In Harvey’s Wake: Major Indexes Steady
[Chart courtesy of MarketWatch.com] Moving the Markets While Hurricane Harvey unleashed his enormous power over the weekend, the major indexes escaped pretty much unscathed and spent the session bouncing around their respective unchanged lines. The Nasdaq fared the best by gaining +0.28%. Retailers, along with the energy and financial sectors, slid early on but were not able to stage a …
ETF Tracker Newsletter For August 25, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/08/weekly-statsheet-etf-tracker-newsletter-updated-08242017/ SNAPPING A TWO-WEEK LOSING STREAK [Chart courtesy of MarketWatch.com] Moving the Markets Anticipation was high ahead of speeches by Yellen and Draghi, which was reflected in the early rally right after the markets opened. However, disappointment set in as neither one offered any clues about future monetary policy moves. Despite an ugly last hour dive in …
Stock Stumble Continues
[Chart courtesy of MarketWatch.com] Moving the Markets Even though the day started on the plus side for the major indexes, early upward momentum was not sustainable as miserable housing data, for the second day in a row, gave the bears something to cheer about. Uncertainty continued as the debt-ceiling-battle between Trump and McConnell showed no compromise and threw doubt on …
Rally Peters Out…
[Chart courtesy of MarketWatch.com] Moving the Markets After yesterday’s euphoric rally, reality set in and pulled the indexes off their lofty levels. To be clear, the pullback was relatively benign compared to the gains. Contributing to the uneasiness was President Trump’s threat to shut down the government should congress continue to stonewall his efforts to build a wall along the …