[Chart courtesy of MarketWatch.com] Moving the Markets After a weak opening, the S&P 500 managed to kiss the unchanged line, but it was all downhill from there as stocks slipped from their 2-week highs made yesterday. Not helping matters was the dying Consumer Confidence bounce with the indicator sporting its biggest plunge in 11 months. The US dollar continued its …
Earnings And Acquisitions Support The Indexes
[Chart courtesy of MarketWatch.com] Moving the Markets The S&P touched a two-week high as acquisitions and mergers confirmed to some that, despite hugely elevated market levels, untapped value still exists, although that is clearly in the eye of the beholder. Expected annualized earnings are supposed to have been risen 1.1% last quarter, which is an improvement after four quarters of …
ETF Tracker Newsletter For October 21, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10202016/ ———————————————————— Market Commentary [Chart courtesy of MarketWatch.com] Moving the Markets The major indexes ended up just about unchanged with the exception of the Nasdaq which eked out at +0.30% gain. Energy and Healthcare fell while Microsoft and McDonald’s kept the markets propped up. Still, questions keep coming up as to whether the lack of pace …
Volatility Increases As Crude Oil Crumbles
[Chart courtesy of MarketWatch.com] Moving the Markets Markets were a little chaotic early in the session as the major indexes had rallied and then collapsed below the trend line very quickly as the chart above shows. Slowly but surely, we recovered, touched the unchanged line a few times but ended up closing slightly below it. Economic data points continued their …
Earnings And Oil Assist The Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes rallied moderately supported by better-than expected quarterly results from Morgan Stanley along with oil prices, which gained over 2% and are nearing their 15-month high. And again, data points confirmed sluggishness in the economy as shown by weak housing data and a disappointing outlook in the tech area, which …
Netflix Saves The Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Of course, it’s only the beginning of the third quarter earnings season but talk of growth expectations in the +0.2% area was the theme of the day. It also means that the quarter has to stay on this track to match the fourth-quarter of 2014 in which both earnings and revenues headed …