[Chart courtesy of MarketWatch.com] Moving the Markets While the Dow managed to eke out a new record high, the S&P 500 and Nasdaq struggled all day to get back to even with the latter just coming up short. We traded lower for most of the session as a result up Trump’s unveiling of the much-hyped tax plan. Some of the …
ETF Tracker Newsletter For October 27, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/10/weekly-statsheet-etf-tracker-newsletter-updated-10262017/ A SLOW START FOLLOWED BY A STRONG FINISH [Chart courtesy of MarketWatch.com] Moving the Markets The week started out slow, and it looked like the major indexes might finish to the downside. Well, that did not happen as Amazon’s good results today put some fuel under the Nasdaq with the index rocketing higher by +2.2%. Not …
Coming Off The Highs
[Chart courtesy of MarketWatch.com] Moving the Markets Some earnings disappointments pulled the rug out from under the major indexes causing them to drop around -0.5% across the board. The big losers were Chipotle (CMG) and AMD, which tanked -14.58% and -13.47% respectively. Also weighing on the markets were Boeing, Goldman, IBM and Caterpillar. Looking at the big picture, all S&P …
Dipping And Ripping
[Chart courtesy of MarketWatch.com] Moving the Markets Early morning selling pressure, possibly related to the 30th anniversary of the 1987 crash, pushed the major indexes lower, with the S&P 500 being down a non-newsworthy -0.33%, before starting the long climb towards the unchanged line. Other reports were mixed with earnings being robust while political tensions in Europe and questionable economic …
Struggling To Defend Records
[Chart courtesy of MarketWatch.com] Moving the Markets While the Dow managed to eclipse the 23k milestone marker intra-day, it was not able to hold this level into the close by falling 3 points short. Nevertheless, the record is in the books with the Dow notching its 4th 1,000 point climb in the past 12 months—the most ever in a calendar …
ETF Tracker Newsletter For October 13, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/10/weekly-statsheet-etf-tracker-newsletter-updated-10122017/ ENDING THE DAY AND THE WEEK WITH A GAIN [Chart courtesy of MarketWatch.com] Moving the Markets The trading range for the major indexes turned out to be a narrow one not just for the day but for the week as well. Nevertheless, we closed slightly up with the Nasdaq logging its 57th all-time high. While weekly …