[Chart courtesy of MarketWatch.com] Moving the markets Apple Computers started today’s market fallout yesterday afternoon by announcing weaker than expected iPhone sales and shockingly reduced its revenue guidance. Part of the blame was put on China due to the “magnitude of their economic deceleration.” The punishment was instantaneous with Apple’s stock dropping some 8% in the after-hours session. With that …
10-Year Bond Yield Pumps And Equities Dump
[Chart courtesy of MarketWatch.com] Moving the markets A host of news events combined forces to pull equities off their lofty levels with the S&P 500 having its worst day in 5 months, while bonds had their worst day in 6 weeks. First, there were the NAFTA negotiations, which appeared to be progressing well, but the fly in the ointment was …
Low Volume Equals Directionless Meandering
[Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war between Apple (AAPL -2.53%) and the retail sector as the former fell and the latter rallied (XRT +1.12%). Crude oil (+2.27%) through in some bullish support but it the end, the major indexes headed south by a slight margin. Of course, Holiday shortened weeks invite low volume, so the …
ETF Tracker Newsletter For November 3, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/11/weekly-statsheet-etf-tracker-newsletter-updated-11022017/ DOW AND S&P 500 SCORE 8TH STRAIGHT WEEKLY GAIN [Chart courtesy of MarketWatch.com] Moving the Markets And the beat goes on. After a weak opening, the major indexes found some footing and continued their ascent into record territory. The rise was modest with an assist coming from Apple (AAPL) due to their strong report card, which …
Dipping And Ripping
[Chart courtesy of MarketWatch.com] Moving the Markets Early morning selling pressure, possibly related to the 30th anniversary of the 1987 crash, pushed the major indexes lower, with the S&P 500 being down a non-newsworthy -0.33%, before starting the long climb towards the unchanged line. Other reports were mixed with earnings being robust while political tensions in Europe and questionable economic …
ETF Tracker Newsletter For September 22, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/09/weekly-statsheet-etf-tracker-newsletter-updated-09212017/ EKING OUT SMALL GAINS [Chart courtesy of MarketWatch.com] Moving the Markets A late bounce helped the major indexes to gain enough upward momentum to eke out some small gains for the session with the exception of the Dow, which fell short and remained in the red. Despite this rebound, Apple (AAPL) continued its September downward trend …