[Chart courtesy of MarketWatch.com] Strong factory orders and an increase in auto sales for May pushed US stocks higher Tuesday after closing mixed Monday as investors breathed easy on concerns that the economy is faltering. Of course, as has been the case lately, bad economic news is simply ignored while decent reports provide the fuel for a rally. Go figure. …
Dow Slips As Manufacturing Disappoints; Worst NYSE Volume In Over A Decade
[Chart courtesy of MarketWatch.com] The S&P 500 and NASDAQ ended shrugged off early weakness to close modestly higher, while the Dow Industrials closed slightly lower Monday after ISM data showed US manufacturing shrank unexpectedly in June for the first time since July 2009. Volume was the worst on the NYSE in a decade and, even when compared to other July …
US Stocks Inch Up On Europe, Housing Data; DBA Pops, VIXY Slips
[Chart courtesy of MarketWatch.com] US stocks finished higher Tuesday as investors turned slightly bullish on signs of improvement in the housing market, although clouds continue to hang over the markets ahead of the EU summit meeting scheduled for Thursday and Friday this week. Treasuries retreated as risk sentiments improved over speculation that European leaders were progressing over resolving the ongoing …
Equities Slide Ahead Of Key Brussels Meeting; EGPT Soars, GREK Sinks
As investors became worried ahead of a key meeting this week in Brussels (rightfully so), and after reports of Greek Finance Minister resigning on health grounds just four days into his job hit the wires, US equities plummeted more than one percent Monday. Moods were soured further after Cyprus became the fifth nation in the single-currency union to seek money …
ETF/No Load Fund Tracker Newsletter For Friday, June 22, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06212012/ ———————————————————— Market Commentary Friday, June 22, 2012 US EQUITIES REBOUND ON EUROPE HOPES; EWP FLIES, VIXY CRASHES US stocks clawed back Friday, recovering part of Thursday’s sharp losses after the European Central Bank said it will lower rating thresholds and amend eligibility criteria for …
Major Indexes Plunge On Bernake Fallout, Economy And Europe; GAZ Floats, GDXJ Crashes
[Chart courtesy of MarketWatch.com] The major index ETFs took the year’s second hardest knock Thursday losing more than two percent as investors ran for safe haven assets amid indications of a global slowdown, while rumors of an impending downgrade of 17 major US banks by Moody’s Analytics added to market concerns. Obviously, disappointment in what the markets perceived as a …