[Chart courtesy of MarketWatch.com] Moving the Markets It was another roller coaster session with the major indexes ramping higher right out of the gate, only to see early gains evaporate, as Dow ended a string of daily losses at four, but only by the tiniest of margins. So did the S&P 500, but the Nasdaq stumbled and closed the day …
ETF Tracker Newsletter For June 23, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/06/weekly-statsheet-etf-tracker-newsletter-updated-06222017/ EKING OUT A TINY GAIN [Chart courtesy of MarketWatch.com] Moving the Markets Another roller coaster day ended just about at the unchanged line for the Dow with the S&P 500 and Nasdaq managing to climb back into positive territory. For the week, the story was very similar with only the Nasdaq scoring a newsworthy gain of …
Early Decline; Mid-Day Rally; Slumping Into The Close
[Chart courtesy of MarketWatch.com] Moving the Markets It was another session that ended in a mixed close with the major indexes giving up their hard fought mid-day gains, as they slumped into the close with only the S&P 500 showing a tiny gain of +0.04%. SmallCaps did better as both, domestic and international ones, managed to eke out +0.38% and …
Struggling For Direction
[Chart courtesy of MarketWatch.com] Moving the Markets Crude oil along with the energy sector continued its slippery slide with XLE giving back -1.61%, while Crude Oil (WTI) crashed -2.53% to a $42 handle, which is its lowest since last August. Biotechs were the beneficiary of this carnage gaining some 8% over the past 3 days. It’s a strange market, as …
Crude Oil Drops Into Bear Market Territory; Pulls Down Equities
[Chart courtesy of MarketWatch.com] Moving the Markets Equities were not able to overcome the spanking that took place in oil patch and energy sector with oil touching the $42 handle and tumbling to the lowest level since last November. The transportation sector was affected as well with IYT sinking -1.73% and Natural Resources IGE dropping -1.41%. The Financials (IYF) headed …
Valuation Worries Persist But S&P And Dow Hit Record Highs
[Chart courtesy of MarketWatch.com] Moving the Markets There was no hesitation nor looking back as the major indexes headed north right after the opening bell. The Dow and S&P scored new record highs while the Nasdaq rebounded solidly after last week’s weakness. The tech sector, as represented by XLK, added 1.5%, which was its biggest one-day gain since last December. …