[Chart courtesy of MarketWatch.com] Moving the Markets The recent trend of warnings from various Fed mouthpieces continued today with Lael Brainard commenting that “asset valuations do look a bit stretched,” another hint designed to take the starch out of upward momentum and to instill the thought that current market levels may not be sustainable. It was a nice try, but …
Tech Sector Saves The Day
[Chart courtesy of MarketWatch.com] Moving the Markets The Nasdaq managed to hold on to most of its early gains, while the Dow dropped back in the red. The S&P essentially closed unchanged, as a last hour sell off contributed to turn this session into a mixed bag. Semiconductors, which we hold via SMH, fared very well by adding +1.03% while …
Early Decline; Mid-Day Rally; Slumping Into The Close
[Chart courtesy of MarketWatch.com] Moving the Markets It was another session that ended in a mixed close with the major indexes giving up their hard fought mid-day gains, as they slumped into the close with only the S&P 500 showing a tiny gain of +0.04%. SmallCaps did better as both, domestic and international ones, managed to eke out +0.38% and …
Struggling For Direction
[Chart courtesy of MarketWatch.com] Moving the Markets Crude oil along with the energy sector continued its slippery slide with XLE giving back -1.61%, while Crude Oil (WTI) crashed -2.53% to a $42 handle, which is its lowest since last August. Biotechs were the beneficiary of this carnage gaining some 8% over the past 3 days. It’s a strange market, as …
ETF Tracker Newsletter For June 16, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/06/weekly-statsheet-etf-tracker-newsletter-updated-06152017/ AMAZON SLAMS STOCKS BUT MAJOR INDEXES RECOVER [Chart courtesy of MarketWatch.com] Moving the Markets Several events kept the indexes in roller coaster mode. For one, it was quadruple options expiration day, which always tends to add volatility to an otherwise complacent market. That fact got shoved into the background as Amazon announced its acquisition of Whole …
Another Successful Dump And Pump
[Chart courtesy of MarketWatch.com] Moving the Markets In a repeat from yesterday, the early market dump gave way to the usual pump to ensure that the major indexes closed in the green as it appeared that the BTD (Buy the Dip) crowd was out in full force. The Dow managed to kiss its 50-day M/A for the second day in …