[Chart courtesy of MarketWatch.com] Moving the Markets With the geopolitical tensions having been pushed hard by the MSM (Main Stream Media) last week, it’s no surprise that after the incessant jawboning waned, dip buyers appeared to ramp the indexes back towards their recent highs. The Dow turned out to be today’s laggard while the S&P 500 and Nasdaq gained solidly …
N. Korea: Simmering Tensions Punish Equities
[Chart courtesy of MarketWatch.com] Moving the Markets The war drums with N. Korea were beating louder today as the high octane rhetoric was turned up a notch with a “preemptive strike” headline and similar dialogues pulling stocks down for the 3rd consecutive day. The session ended with the major indexes at their lows, which will make for an interesting opening …
Dow Slips For 2nd Straight Day
[Chart courtesy of MarketWatch.com] Moving the Markets Yesterday’s slippage continued early this morning, but dip buyers stepped in encouraged by a NT Times story alleging that Trump’s ‘Fire and Fury’ words were his own and not US policy. During the last hour, the whipping boy of the year, AKA the VIX, was spanked again and while helping the indexes recover, …
Trump’s ‘Fire And Fury’ Speech Takes Starch Out Of Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes did their customary morning dip and then started to recover to cross solidly above their respective unchanged lines. Hedge fund heavyweight Jeff Gundlach’s market warnings were offset somewhat by the usual VIX beating to keep the Dow winning streak alive. However, Trump’s “Fire and Fury” speech directed towards North Korea …
ETF Tracker Newsletter For July 28, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/07/weekly-statsheet-etf-tracker-newsletter-updated-07272017/ DOW CLOSES AT RECORD; TECH IS WEIGHING ON S&P AND NASDAQ [Chart courtesy of MarketWatch.com] Moving the Markets Much of the retail store apocalypse has been blamed on online sales, despite the fact that they only account for about 8% of total retail sales. Amazon was one of the alleged guilty parties contributing to the consumer …
Tech Slumps And Gold Pumps
[Chart courtesy of MarketWatch.com] Moving the Markets Despite another roller coaster ride, the Dow was the only one of the three major indexes that not only “survived” the mid-day sell-off but also registered another record high. The tech arena was not so lucky and, after a tremendous run in the recent past, had to accept the fact that nothing goes …