[Chart courtesy of MarketWatch.com] Moving the Markets News-wise, it was a mixed bag as health insurers offered an upbeat outlook while a sharp drop in oil prices (-3.87%) pulled down energy shares. The major indexes got off to a good start, faded in the end but managed to close above the unchanged line by a small margin. The steam of …
Trump Pump Hits A Speed Bump
[Chart courtesy of MarketWatch.com] Moving the Markets The smooth three week post-election ride of the major indexes hit a speed bump today with equities notching their worst performance in almost a month. However, that’s sounds worse than it actually was as the S&P 500 and the Nasdaq gave back only around 0.5%, which is hardly earth shaking. The main culprits …
ETF Tracker Newsletter For November 25, 2016
ETF Tracker StatSheet https://theetfbully.com/?p=18121&preview=true Market Commentary Major Indexes Inch Higher During Holiday Shortened Week [Chart courtesy of MarketWatch.com] Moving the Markets There was no letting up this week as the major indexes kept the rally going with the only fly in the ointment being extremely low volume as many traders took off for the Thanksgiving holiday. The S&P 500 managed …
Rebounding Into Thanksgiving
[Chart courtesy of MarketWatch.com] Moving the Markets An early sell-off in the S&P 500 was short lived as Wall Street traders and computer algos stepped in and pushed the index back above its unchanged line eking out another record high as an early holiday present. The industrial sector was the driver behind this rebound boosted by a jump in orders …
Priced To Perfection
[Chart courtesy of MarketWatch.com] Moving the Markets The post-election levitation continued as the major indexes edged higher with the S&P 500 and the Dow taking out new milestone markers for the first time; i.e. the 2,200 and 19,000 levels, although with low volume during this Holiday shortened week. Again, Wall Street’s focus remains on the Trump promises of less regulations, …
Major Indexes Jump To Record Highs
[Chart courtesy of MarketWatch.com] Moving the Markets The Trump pump continued with full force as all 3 major indexes set record closing highs today supported by energy and commodity shares. Oil prices jumped and managed to gain almost 4%. There were no actual news events driving this rally other than investors jumping on the Trump theme of massive infrastructure projects …