ETF Tracker StatSheet https://theetfbully.com/2018/01/weekly-statsheet-etf-tracker-newsletter-updated-01-18-2018/ POSSIBLE GOVERNMENT SHUTDOWN; MARKETS RALLY [Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war today that featured optimism over corporate earnings against the threat of a looming government shutdown. Despite the latter potentially adding more uncertainty, traders decided that any economic impact would negligible, so up we went late in the session with the …
Hitting The Pause Button
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes started the day in negative territory, recovered and moved briefly above the unchanged line but then sold off into the close resulting in minor losses. While the Dow managed to hang on to its 26k level, the S&P slipped below its 2,800 milestone and tied the longest stretch in history …
Picking Up Speed And Knocking Out More Milestones
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s pull-back proved to be ephemeral when considering the runaway train the major indexes resembled today. Looking at the chart above, it was about as straight of an ascending line as you can paint, as the bulls took charge again and pushed the major indexes into new all-time high territory. The Dow led …
Reversal Tuesday
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the major indexes stormed ahead to set new records, only to be reminded that nothing goes up forever without a break or some sort of a pullback. The Dow raced past the 26k milestone only seven days after having conquered its 25k level, which was triple the pace …
ETF Tracker Newsletter For January 12, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/01/weekly-statsheet-etf-tracker-newsletter-updated-01-11-2018/ MORE RECORDS IN THE BOOKS [Chart courtesy of MarketWatch.com] Moving the markets Earnings season unofficially started with a bang, as the major indexes continued their march into uncharted territory with optimism about the upcoming corporate report cards taking center stage. All 3 major indexes spiked again with consumer discretionary and energy shares leading the gains. Looking …
Anticipation Of Good Earning Catapults The Major Indexes
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s worries about China’s lack of interest in purchasing US Treasuries are now a thing of the past while other concerns, such as jobless claims and wholesale inflation data, were simply ignored in anticipation of a hopefully great earnings season, which is expected to be the catalyst to drive the markets to new …