[Chart courtesy of MarketWatch.com] Moving the Markets All of today’s activity happened below the unchanged line with the energy sector dropping (-0.9%) as oil prices slipped and gave back -1.37%. Of course, after Friday’s climb into record territory, a pause was in order with Wall Street awaiting the next run of earnings reports along with more clarity on Trump’s policies. …
ETF Tracker Newsletter For February 3, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/02/weekly-statsheet-etf-tracker-newsletter-updated-02022017/ When Bad News Is Good News [Chart courtesy of MarketWatch.com] Moving the Markets Equities started the day solidly above the unchanged line and went up from there breaking out of its narrow sideways pattern, but the gains for the week were slim with the S&P 500 adding only a meager 2 points. The widely anticipated non-farm …
Riding The Range
[Chart courtesy of MarketWatch.com] Moving the Markets “Dead man walking” would best describe today’s session as the major indexes continued their recent sideways pattern by vacillating above and below their respective trend lines with nothing to show for at the end. It’s been now 78 days since the S&P 500 moved 1%, which simply tells us how narrow this trading …
Apple Spikes Nasdaq; Other Indexes Flat
[Chart courtesy of MarketWatch.com] Moving the Markets An early rally fizzled in a hurry as the Dow and S&P 500 dipped into negative territory but managed to crawl back to barely conquer the unchanged line. The Nasdaq ended solidly in the green by +0.50% thanks to gains in Apple shares, which rallied 6.1% to $128.75 and reached its highest close …
Dow Clings To Gains For The Month
[Chart courtesy of MarketWatch.com] Moving the Markets Early market momentum followed yesterday’s theme with the major indexes heading south and vacillating below their unchanged lines for most of the session. During the last hour, buyers stepped in, as the VIX was crushed, and managed to push the major indexes back towards their break-even points for the day with only the …
Wall Street Slips As The Trump Pump Turns Into The Trump Slump
[Chart courtesy of MarketWatch.com] Moving the Markets I had to happen eventually. After a tremendous amount of hype and hope since Election Day, some sense of reality had to set in. It did today as investors worried that not all of the new President’s ideas and policies may be market friendly. Such was the case with the curb on immigration …