[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was another choppy day with the S&P slipping right out of the gates, finding some traction and rallying above the unchanged line but giving back its gains into the close. The energy sector got spanked again while consumer discretionaries were the bright star today. We’re still stuck as Wall Street finds …
Stocks Stay Above Board After China Currency Shift
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks had a “9th inning rally” today, as they were able to overcome substantial early day losses and close higher across the board. Investors were anxious as the day began, given the recent devaluation of the RMB and the rising concerns about the health of China’s wobbly economy. Given China’s clout …
China Devalues; Global Markets In Retreat Mode
[Chart courtesy of MarketWatch.com] 1. Moving the Markets For the time being, today’s pullback makes yesterday’s big advance look like a dead cat bounce. Just as the bulls had taken charge, the rug was pulled out from under them as the Chinese devalued the Yuan sending world markets reeling. This brought up concerns as to whether the slowdown in China …
Dow Breaks Seven Day Losing Streak; Buffet Deal Tops Headlines
[Chart courtesy of MarketWatch.com] 1. Moving the Markets We have all been wondering when the Dow was going to move back into positive territory after a seven day losing streak. Well, today investors had their rally caps on apparently. The Dow jumped 242 points It was the biggest gain for the blue-chip index since May 8. The Dow recouped a …
ETF/No Load Fund Tracker Newsletter For August 7, 2015
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2015/08/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-08062015/ ———————————————————— Market Commentary MAJOR INDEXES SLIP DURING VOLATILE WEEK [Chart courtesy of MarketWatch.com] 1. Moving the Markets During this volatile week, the Dow managed to head for its longest slide in some 4 years with bio-techs, commodities and oil leading the trend towards bear …
Dow Down For Sixth Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended lower as the Dow shed 120 points, marking its sixth consecutive day of losses. The down-slide has come while Wall Street has been bracing for Friday’s employment report and the potential hints the jobs data might provide about the timing of an interest rate hike by the Fed. Domestically, in the world of …