[Chart courtesy of MarketWatch.com] Moving the Markets Equities were not able to overcome the spanking that took place in oil patch and energy sector with oil touching the $42 handle and tumbling to the lowest level since last November. The transportation sector was affected as well with IYT sinking -1.73% and Natural Resources IGE dropping -1.41%. The Financials (IYF) headed …
ETF Tracker Newsletter For June 9, 2017
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 …
S&P 500 And Nasdaq Eke Out New Record Highs
[Chart courtesy of MarketWatch.com] Moving the Markets After the break through the glass ceiling yesterday, the major indexes managed to maintain upward momentum to score gains for the 6th consecutive day recovering all losses sustained during last week’s dump. While the Dow lagged, the S&P and Nasdaq shot up into record territory. Stocks still felt good the morning after digesting …
Apple Hits $800 Billion Market Cap; Major Indexes Unchanged
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes spent today’s session in a tight range and clung to the unchanged line for most of the day. The outcome of the French elections sparked a “sell the news theme,” but US markets were stuck in a no volatility environment as the VIX was pushed down to its lowest close …
Upward Momentum Disappears: Stocks AND Bonds Tank
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Disappointing corporate reports put the major indexes into negative territory right out of the gate and things went south from there. Those living by the old “chiseled-in-stone” rule that bonds will rally if stocks sell off have to do some rethinking if that meme really still holds true when considering the amount …
One Man’s Opinion: Is The Time Ripe To Bottom-Fish Or Re-Enter The Equity Markets?
The latest rebound in US equities is probably too early to do a victory lap though there’s no denying that valuations have improved pretty dramatically in the last couple of weeks, said David Lafferty, Chief Market Strategist at Natixis Global Asset Management. With the S&P 500 trading at about 18 times forward earnings and the Dow at about 16.5/17 times, …