[Chart courtesy of MarketWatch.com] 1. Moving the Markets Taking a cue from the European markets, U.S. equities joined the party and moved higher with Greek exit fears subsiding after approval of new austerity programs. Giving an assist to the markets was ECB’s Mario Draghi who commented on their willingness to expand aid to some of the troubled banks. That was …
Violent Greek Protests Pull Down Equities
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Finally, the 4-day winning streak came to an end, but the losses were minor as a late day turnaround caused by violent Greek protests ahead of their parliamentary votes regarding the third bailout package pulled the rug out from initial upward momentum. While we bounced successfully off the session’s lows, it remains …
Squeezing Out Another Day Of Gains
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities managed to inch higher for the 4th day in a row and added to their recent gains. From last Wednesday’s low for then month, the S&P has managed to rally over 3%, which was strictly based on hope for a resolution in Greece. Today’s downer was the disappointing June retail sales …
Solid Gains For 3rd Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The bulls had their way as the rally continued for the third straight day with the S&P 500 reclaiming the 2,100 level. The driver was a new agreement, where Greece ended up in total capitulation by giving up much sovereignity in turn for a third bailout program. This type of deal came …
ETF/No Load Fund Tracker Newsletter For July 10, 2015
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2015/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07092015/ ———————————————————— Market Commentary A VOLATILE WEEK ENDS UNCHANGED [Chart courtesy of MarketWatch.com] 1. Moving the Markets One look at the above 5-day chart tells the entire story. We had huge swings in the market with the S&P 500 sporting a range of 40 points …
A Great Beginning Followed By A Poor Ending
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The indexes raced out of the starting blocks with the S&P 500 shooting up 27 points as China’s efforts of stemming their market slide seemed to be successful—at least for the time being. Of course, as we all know, it’s very questionable as to whether these manipulative attempts, including harsh penalties for …