[Chart courtesy of MarketWatch.com] Major market indexes closed higher Monday extending Friday’s rally as investors remained positive over news of lower Spanish and Italian borrowing costs and a stronger-than-expected jobs report last Friday. The Dow Jones Industrial Average (DJIA) rose 21 points paring the day’s 91-point gain. Within the Dow, the breadth remained positive with 19 of the index’s 30 …
Draghi Drags Down Major Indexes—Confirms He Is ‘All Hat And No Cattle;’ KWT Rallies, UNG Slips
[Chart courtesy of MarketWatch.com] US major indexes extended their losing streak for the fourth straight day Thursday after the European Central Bank failed to deliver on its earlier pledge to halt a further decline of the ongoing sovereign debt crisis. ECB president Draghi, who last week single handedly ignited a rally in equities with talk of upcoming bazooka like actions, …
Equities Rise On Fed Stimulus Hopes; TAN Soars, VXX Drops
[Chart courtesy of MarketWatch.com] Domestic equities surged more than one percent Tuesday, wiping off losses suffered Monday, as investors took a cue from Europe’s peripheral markets after Spanish bonds came off Euro-era record highs on speculation the Federal Reserve and other central banks will restart asset purchase programs. Sure, we’ve heard that one before resulting in very short-term effects. Treasuries …
US Broad Markets End Losing Streak; EWP Pops, KWT Drops
[Chart courtesy of MarketWatch.com] US broad markets ended higher with the NASDAQ dropping after blue-chips reversed their longest losing streak in nine months following a dip in jobless claims. Investors, however, remained cautious as Europe wavered over Greece’s possible exit from the monetary union. Treasuries cut losses as investor-demand for safe-haven US debts remained strong, though yields rose for the …
Major Market ETFs Rally As Worries Over Spain Ease; URA Shines, VXX Sinks
[Chart courtesy of MarketWatch.com] All major market ETFs pushed higher Tuesday as robust demand for Spanish debt eased global worries over a European contagion; at least for the time being, and until the next disaster strikes. The Dow breached the psychologically important 13,000 mark for the first time in more than a week as investors analyzed the quarter’s earnings data. …
Equity ETFs Reverse Losing Streak After Five Days; TAN Shines, VXX Sinks
[Chart courtesy of MarketWatch.com] Equity ETFs rebounded Thursday following a streak of five down days that had wiped out more than 3 percent of the major indices, as concerns over Spain eased and hopes for better-than-expected profits rose ahead of the earnings season following Alcoa’s surprise profit surge. US Treasuries retreated after six sessions of gains amid rumors that Madrid …
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