[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes sagged as uncertainty about the tax reform tug-of-war continued to take center stage. Not helping matters was a dive in crude oil along with weakness from heavyweights Apple (AAPL) and Boeing (BA). But the stock that really took a spanking was GE (-5.89% for the day) after cutting its dividend …
Eking Out A Tiny Gain
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes dropped into the red right after the opening bell but managed to climb out of the basement fairly quickly only to spend the rest of the session around the unchanged line without much conviction. In the end, we closed in the green but only by the slightest of margins. Upside …
Snapping The Winning Streak
[Chart courtesy of MarketWatch.com] Moving the Markets The Dow’s seven-day win streak came to an end today, as technology and industrials took the brunt of the sell-off, the negative effects of which were greatly reduced thanks to the afternoon rebound. However, worries about a possible delay in the implementation of the corporate tax cut plan by one year proved to …
More All-Time Highs
[Chart courtesy of MarketWatch.com] Moving the Markets The weekend news simply did not matter. Saudi Arabia went into crisis mode after 2 of their princes died, one via a helicopter crash and the other one in a firefight to avoid arrest, dozens were taken into custody, assets were frozen and a no-fly zone for private planes was invoked. Domestically, McCain …
ETF Tracker Newsletter For November 3, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/11/weekly-statsheet-etf-tracker-newsletter-updated-11022017/ DOW AND S&P 500 SCORE 8TH STRAIGHT WEEKLY GAIN [Chart courtesy of MarketWatch.com] Moving the Markets And the beat goes on. After a weak opening, the major indexes found some footing and continued their ascent into record territory. The rise was modest with an assist coming from Apple (AAPL) due to their strong report card, which …
Dow Sets A New Record
[Chart courtesy of MarketWatch.com] Moving the Markets While the Dow managed to eke out a new record high, the S&P 500 and Nasdaq struggled all day to get back to even with the latter just coming up short. We traded lower for most of the session as a result up Trump’s unveiling of the much-hyped tax plan. Some of the …