[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks pulled out of an early deep slide to close higher as the common “follow the leader” trend that has dominated Wall Street for most of 2016 came back in play: The direction of oil prices determines the direction of stocks. The “disappointing” sentiment that oil production caps would not come into play …
Back To “Correctional” Territory For Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After its recent hot streak, the Dow Jones industrial average dipped back into correction territory Tuesday as stocks tumbled amid a renewed slump in oil prices and a still uncertain outlook for global growth and U.S. corporate earnings. All major indexes dropped at least 1.1% on the day. Hopes for a near-term oil production cut were dashed today when …
Short Squeeze Continues As Bad News Is Good News
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After posting its best weekly gain in what has been a dismal start to 2016, stocks kicked off the new week in rally mode as investors reacted to rising oil prices and signs of alleged stability in China’s stock market. Well, there really was no stability but the naming of a new regulator …
ETF/No Load Fund Tracker Newsletter For February 19, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2016/02/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-02182016/ ———————————————————— Market Commentary FLAT ON WALL STREET TODAY BUT UP FOR THE WEEK [Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks, perhaps a little winded by a massive rally earlier in the week, turned in an uninspiring showing today as investors reacted to …
Win Streak Snaps But Gold Muscles Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks fell, capping the Dow’s winning streak at three days as continued volatility in oil prices was offset by a lowered sales outlook from retail giant and Dow component Walmart. For the past three sessions, the market has been volatile like it has been for most of 2016. The only difference is …
Short Covering Continues As Stocks Mount Three Day Win Streak On Oil Surge
[Chart courtesy of MarketWatch.com] 1. Moving the Markets At its low point just a few days ago, the Dow was down about 1,800 points (or 10%) for the year. However, over the past three trading sessions, it has regained over 750 points. Whether the rally marks the end of a painful correction is still to be determined though. One of …