ETF Tracker StatSheet https://theetfbully.com/2017/06/weekly-statsheet-etf-tracker-newsletter-updated-06082017/ Tech Gets Slammed; Dow Closes In The Green [Chart courtesy of MarketWatch.com] Moving the Markets Something changed in the markets today. All was well until late morning, with SmallCaps continuing their explosion, when suddenly momentum changed and south we went. The Nasdaq took the worst beating losing almost 2% with the Apple being spanked at the …
Diving Off The Highs Into The Red But Closing In The Green
[Chart courtesy of MarketWatch.com] Moving the Markets You could say that the much anticipated “big” Thursday turned into a dud as far as the Comey testimony was concerned. While the markets whipsawed throughout the day, in the end, the major indexes closed above the unchanged line. The Dow touched new record territory before dipping into the red after which it …
Market Sentiment Turns Jittery
[Chart courtesy of MarketWatch.com] Moving the Markets For the second day, market nervousness prevailed, as concerns ahead of the UK general election, uncertainties about ex-FBI chief Comey’s upcoming testimony to the Senate, along with a Thursday ECB policy meeting, kept the major indexes subdued and stuck below their respective unchanged lines. However, as was the case yesterday, the pullback was …
Slipping Off The Record Highs
[Chart courtesy of MarketWatch.com] Moving the Markets Geopolitical uncertainties, such as the London terrorist attack and the upcoming testimony of former FMI chief Comey, combined to pull the starch out of last week’s upward momentum. Not helping matters was the continuing weakness in the US Macro data index, which has slipped now to its lowest level since February 2016 when …
ETF Tracker Newsletter For June 2, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/06/weekly-statsheet-etf-tracker-newsletter-updated-06012017/ SAME OLD STORY: ANY NEWS IS GOOD NEWS FOR THE MARKETS [Chart courtesy of MarketWatch.com] Moving the Markets After yesterday’s euphoric reaction to ADP’s private sector hiring report, reality set in this morning when the BLS released the May jobs report showing that only a disappointing 138k jobs were added in May, which was far below …
Afternoon Rally Starts June With A Bang
[Chart courtesy of MarketWatch.com] Moving the Markets Private sector hiring as reported by ADP, which added a seasonally adjusted and bigger–than-expected 253k rise in employment for May, set the tone for the market, as the major indexes climbed steadily above the unchanged line and into record territory. As has been the case in the recent past, negative news like US …