Running Out Of Steam

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[Chart courtesy of MarketWatch.com] Stocks ended flat Thursday, taking a breather after a nice two day rally. Trading today was mostly influenced by earnings reports from Bank of America (BAC) and Wells Fargo (WFC). Bank of America topped both earnings and revenue estimates. Wells Fargo topped profit expectations but was slightly below par on revenue. BofA gained and Wells fell …

Oil And Equities: Back To 100% Correlation

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets  Stocks posted strong gains today, rising nearly 1% across the board. Oil, as it has been (and seems like will be for the near future) was “the” big market mover. The black gold gained 3.96% to move above $41 a barrel, which makes economic bulls even more bullish. In the world of …

Markets Keep Climbing On Columbus Day

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow Jones industrial average, coming off its biggest weekly gain since February, ended modestly higher to post its seventh-straight session of gains as Wall Street awaited the barrage of corporate earnings reports, which begin tomorrow. The S&P 500 and Nasdaq both performed well today also. The question remains: “Is this a …

ETF/No Load Fund Tracker Newsletter For October 9, 2015

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ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2015/10/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-10082015/ ———————————————————— Market Commentary MARKETS FULL STEAM AHEAD TO ROUND OUT RALLY [Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow extended its recent rally to six sessions as stocks keep heading higher following the release of minutes of the Fed’s meeting last month …

Indexes Close Mixed As Energy Stocks Rally On Higher Oil Prices

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes closed mixed as energy stocks rallied on higher oil prices, which tech stocks lagged. The Dow moved back above 18,000, but there was no real momentum of note in trading today. Wells Fargo (WFC) reported that first-quarter earnings fell to $5.8 billion, or $1.04 per share. The results beat …