[Chart courtesy of MarketWatch.com] US stocks rallied Thursday after European Central Bank President Mario Draghi said in London the central bank will do whatever is required to preserve the euro, boosting investor sentiment. The timing of his announcement was perfect, as there was no opposing view with German chancellor Merkel having gone on vacation, which may make the effect on …
Europe Worries Pulls Major Market ETFs Lower; VIXY Spikes, EWG Crashes
[Chart courtesy of MarketWatch.com] Major market ETFs posted their second straight loss Monday with all three indexes finishing lower over investors’ concern that Spain may request a full-fledged bailout package, triggering a sell-off and boosting the greenback. The Dow Jones Industrial Average (DJIA) finished off 101 points, or 0.8 percent, recovering from an early near 240-point fall. Within the Dow, …
ETF/No Load Fund Tracker Newsletter For Friday, July 20, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/07/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-07192012/ ———————————————————— Market Commentary Friday, July 20, 2012 US STOCKS SNAP THREE-DAY WINNING STREAK AS SPAIN MOVES ONTO THE BAILOUT MENU; VIXY LEAPS, EWP CRASHES Domestic equities snapped its three-day winning streak to close lower Friday on reports of record high 10-year Spanish bond yields …
US Stocks Slip And Slide On Earnings Concerns, Spanish Debt; VIXY Edges Up, UNG Sinks
[Chart courtesy of MarketWatch.com] US stocks tumbled Tuesday with the Dow and the NASDAQ ending lower for the fourth straight day as investors became wary of corporate earnings looking softer than forecasted based on a string of weak results by technology companies. Stocks opened strong earlier over news that EU finance ministers agreed late Monday to release an initial €30 …
Greece Election On Sunday Hangs Heavy Over Stock Markets; FAA Flies, EU Tanks
[Chart courtesy of MarketWatch.com] US stocks declined Wednesday as investors remained worried over Sunday’s Greek elections. The situation was compounded further after ratings agency Egan-Jones cut Spain’s government debt to junk Wednesday. Treasuries advanced to erase yesterday’s gain in yields as markets turned jittery after reports showed a decline in US retail sales in May, spiking demand for safe-haven assets. …
Equities Rise On Fed Stimulus Hopes; TAN Soars, VXX Drops
[Chart courtesy of MarketWatch.com] Domestic equities surged more than one percent Tuesday, wiping off losses suffered Monday, as investors took a cue from Europe’s peripheral markets after Spanish bonds came off Euro-era record highs on speculation the Federal Reserve and other central banks will restart asset purchase programs. Sure, we’ve heard that one before resulting in very short-term effects. Treasuries …