Valuation Worries Persist But S&P And Dow Hit Record Highs

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[Chart courtesy of MarketWatch.com] Moving the Markets There was no hesitation nor looking back as the major indexes headed north right after the opening bell. The Dow and S&P scored new record highs while the Nasdaq rebounded solidly after last week’s weakness. The tech sector, as represented by XLK, added 1.5%, which was its biggest one-day gain since last December. …

Red Is The Color Of The Day As Indexes Slide

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[Chart courtesy of MarketWatch.com] Moving the Markets The reaction to the Fed’s hawkish tone on Wednesday continued to take its toll on the markets for the second day, with the major indexes hovering below the unchanged line all day. The mood on Wall Street could be best described as “cautious” with news of a special counsel investigating allegations, as to …

Major Market ETFs Continue In Rally Mode, Advance For The Second Day; XLK Pops, VXX Tanks

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[Chart courtesy of MarketWatch.com] Major Market ETFs gained for the second straight day Wednesday as investors offered muted reactions to the news that the Fed is keeping its interest rate target unchanged and cheered strong Q1 performance from big US companies including Apple and Boeing. Following Wednesday’s Federal Open Market Committee meeting in Washington, Chairman Ben Bernanke dropped enough hints …

Major Market ETFs Rally As Worries Over Spain Ease; URA Shines, VXX Sinks

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[Chart courtesy of MarketWatch.com] All major market ETFs pushed higher Tuesday as robust demand for Spanish debt eased global worries over a European contagion; at least for the time being, and until the next disaster strikes. The Dow breached the psychologically important 13,000 mark for the first time in more than a week as investors analyzed the quarter’s earnings data. …