ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08182016/ ———————————————————— Market Commentary MARKETS SLIPPING WHILE OIL IS GUSHING HIGHER [Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. markets closed lower today to finish the week as traders appeared slightly anxious about the possibility of an earlier-than-expected Federal Reserve interest-rate hike. It seems that comments from senior Fed officials in recent days suggest a …
US Oil Throws An Assist
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a roller coaster kind of day with the markets dropping out of the gate, regaining upside momentum, falling again below the unchanged line before staging a mid-day comeback, which accelerated into the close. Wall Street is still digesting the possibility of a rate hike in September. It’s the same old …
Back On Top Again
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Falling in line with the (as of lately) market topping then dropping phenomena, all three indexes pushed higher again today…barely. Stocks here in the U.S. stretched into positive territory late in the day after Fed Minutes news suggested that an interest rate hike may still be on the table for calendar year …
An Elegant Fall From Grace
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wow, what a surprise; no new highs! Despite Crude oil taking the lead to the upside, the major indexes lagged and closed lower. You can thank Fed Pres Dudley for jawboning about potential interest rate hikes sometime this year, which took the starch out of yesterday’s rally. Given the continuous flow of …
Bulls Ride The US Oil Train To Another Record
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks hit record highs today for the second time since 1999. The Dow Jones Industrial Average rose 0.3% to close at 18,636.05. The Standard & Poor’s 500 index rose 6.10 points to close at 2,190.15 and the Nasdaq composite index gained +0.56% to finish at 5,262.02 in the stock market today. …
ETF Tracker Newsletter For August 12, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08112016/ ———————————————————— Market Commentary POOR ECONOMIC DATA EQUALS HIGHER STOCK PRICES [Chart courtesy of MarketWatch.com] 1. Moving the Markets If you have been listening to the Main Stream Media (MSM) reporting on the major indexes making one new lifetime high after another over the past month, you might feel like you have been left behind if …