Energy Rebound Assists Equities

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[Chart courtesy of MarketWatch.com] Moving the Markets The markets were in rally mode, albeit modest, right after the opening bell and never looked back with the S&P 500 gaining +0.31%. Contributing to today’s bullish mood was some de-escalation with N. Korea, as Trump announced that “war was not first priority,” before agreeing to a 3-month debt-ceiling-can-kicking extension deal ending on …

Nasdaq Outperforms; Energy Sector Gets Slammed

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[Chart courtesy of MarketWatch.com] Moving the Markets It was a tale of two markets as the Nasdaq was propelled higher with semiconductors (SMH) reversing their recent downtrend by charging ahead +1.90%. The Dow closed about unchanged, while the S&P 500 managed to eke out a small gain of +0.15%. Things looked ugly in the energy sector as oil got hit …

ETF Tracker Newsletter For June 9, 2017

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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 …

Energy Provides Support For The Bulls

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[Chart courtesy of MarketWatch.com] Moving the Markets Finally, the energy sector showed some signs of life with the widely followed XLE gaining +1.3% for the day while barely crawling back above its 200-day M/A by a fraction. XLE has been in a solid downtrend since early December 2016. Oil gave an assist as well by rebounding +2.15%. More help for …

Markets Remain On Fire Headed Into The Snowy Season

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[Chart courtesy of MarketWatch.com] 1. Moving the Markets Another day of record highs for the S&P and Dow. Surprised? Not really. Both the S&P 500 and the Nasdaq rose 0.38%, while the Dow gained 0.18%. Again, the continued increase in the S&P 500 bodes the question; will it hit 2,100 by the end of the year? Energy stocks led gainers …