[Chart courtesy of MarketWatch.com] Moving the Markets You could say that the much anticipated “big” Thursday turned into a dud as far as the Comey testimony was concerned. While the markets whipsawed throughout the day, in the end, the major indexes closed above the unchanged line. The Dow touched new record territory before dipping into the red after which it …
Waiting For A Potentially Market Moving Thursday; Crude Oil Gets Crushed
[Chart courtesy of MarketWatch.com] Moving the Markets MSM was keeping the hype up ahead of this Thursday by using phrases like “market moving” in regards to Comey’s testimony and the UK election. I think the cat is out of the bag, as Comey’s prepared remarks confirmed there is no smoking gun, which the major indexes took as a positive by …
Equities On A One-Way Street
[Chart courtesy of MarketWatch.com] Moving the Markets After a higher opening, the markets remained steadfast and unwavering in making this session a positive one after the past few of days of floundering. Despite this effort, the S&P 500 still remains a few points lower than it started the month. Solid earnings by American Express stabilized the financial sector for the …
A Dying Dead-Cat-Bounce
[Chart courtesy of MarketWatch.com] Moving the Markets An encouraging morning rally ran out of steam mid-day with the major indexes heading south and closing below their unchanged lines. The exception was the Nasdaq, which managed to cling to a gain of +0.23%. No macro data points were released today, but the weakness in the banking sector, which I addressed yesterday, …
Waiting For Uncertainty To Pass
[Chart courtesy of MarketWatch.com] Moving the Markets An early rally attempt lost steam again late in the session with today’s spoiler being Secretary of State Tillerson, who took center stage and reversed his view from last week that the US had no interest in removing the Syrian president to now beating the war drums and announcing “that steps are underway …
ETF/No Load Fund Tracker Newsletter For Friday, October 25, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/10/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-10242013/ ———————————————————— Market Commentary Friday, October 25, 2013 ANOTHER DAY, ANOTHER NEW HIGH U.S. equity markets ticked higher on Friday, cementing a third-straight week of gains, aided by Amazon.com’s stronger-than-forecasted revenues and a trouncing of analysts’ quarterly estimates by Dow member Microsoft. Meanwhile, investors mulled …