[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes, as well as equities in general, struggled through the session looking for some footing to use as a launching pad for the usual mid-day rebound. It worked for a while, as the unchanged line was conquered but upward momentum faded, and we closed in the red, although only fractionally. Earnings …
Gaining Steam Late In The Session
[Chart courtesy of MarketWatch.com] Moving the Markets After some early aimless meandering, although above the unchanged line, the major indexes picked up some steam late in the day to book another round of records. The Dow, the Nasdaq, the S&P 500 and the Russell all registered all-time highs. You can find a lot of reasons for and against a continuation …
ETF Tracker Newsletter For September 29, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/09/weekly-statsheet-etf-tracker-newsletter-updated-09282017/ ENDING THE MONTH AND THE QUARTER ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the Markets Equities closed out the week, month and quarter on a positive note with the S&P, Nasdaq and Russell 2000 ending not only at their highs of the session but also setting new records in the process. In terms of …
Grinding Higher
[Chart courtesy of MarketWatch.com] Moving the Markets After an early slide, the major indexes managed to do a repeat pattern of what we’ve seen for the last year or so and that is to slowly crawl back to conquer the unchanged line. Today was no different, as worries about the complexity of the new tax code, concerns over deficits and …
Dow Snaps Losing Streak; Smallcaps Notch Record Close
[Chart courtesy of MarketWatch.com] Moving the Markets At least according to today’s performance, much confidence was given to Trump’s advertised sweeping tax reform, as the Russell 2000 notched not only a record close but also showed its biggest gain since the election. Strangely enough, the Fed’s Bullard came out and jawboned that “equity valuations may be stretched,” making me wonder …
Bullish Mood Prevails
[Chart courtesy of MarketWatch.com] Moving the Markets Despite sudden market weakness developing late in the session, with technology and biotech being spooked the most, the major indexes recovered a good chunk of their early gains and ended in the green with the Dow notching its 40th record close of the year. Helping matters were reduced tensions between N. Korea and …